This year marks the 120th anniversary of the discovery of gold at Kalgoorlie – and the beginning of Gold Estates Holdings Pty Ltd’s distinguished history.
When prospectors Patrick “Paddy” Hannan, Tom Flanagan and Daniel Shea found 100 ounces of alluvial gold at Mount Charlotte in June 1893, it was the start of a gold fever that would help to establish the town of Kalgoorlie and drive thousands into Western Australia looking to ‘strike it rich’.
With a keen interest in mining that started in South Australia, Charles Ernest Deeley travelled to Western Australia in January 1894 to investigate mining in the state. A trip to London on mining business saw Mr Deeley, with the support of a few friends, successfully launch Gold Estates of Australia Limited which was floated in 1894 for £100,000.
In the years that followed, the company was involved in acquiring and re-selling mining properties in the Western Australian goldfields. In 1895 the company made its first foray into the Perth metropolitan area, buying almost 700 acres of land in Mount Lawley/Maylands which was subsequently sold, giving rise to some of the most sought-after property in the Perth residential area.
In 1897 Gold Estates was restructured and Gold Estates of Australia (1903) Limited was established. This year therefore also marks the 110th year of Gold Estates’ incorporation.
To this day, Gold Estates Holdings Pty Ltd, carries on the legacy of property development that has spanned more than 100 years and continues to strive to develop projects that not only result in excellent returns for investors but also deliver quality residential and commercial properties for the community.