Newspaper article The Morning Bulletin (Rockhampton, Australia)

Wealthy Chinese Look Us Over

Newspaper article The Morning Bulletin (Rockhampton, Australia)

Wealthy Chinese Look Us Over

Article excerpt

Byline: Lisa Benoit lisa.benoit@capnews.com.au

KINKA BEACH

The size of Kinka Beach is approximately seven square kilometres.

The population in 2006 was 623 people; by 2011 it was 629 showing a stable population.

The predominant age group in Kinka Beach is 45-54 years.

Households in Kinka Beach are primarily childless couples and are likely to be repaying between $1000 -- $1400 a month on mortgage repayments.

In 2006, 73.3% of the homes in Kinka Beach were owner-occupied compared with 76.0% in 2011.

The current median sales price of houses in the area is $347,000.

OFFICIALS from one of the world's largest companies are heading to the Capricorn Coast for a look around, a developer says.

Kinka Shores project developer Ned Turner said a delegation of Chinese businessmen from MCC was interested in potentially investing in the master-planned project.

The project is expected to include a range of affordable housing, a retail and commercial precinct and plenty of tourism facilities. …

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