TEXAS

  • 2025 – Second highest US State population – 31.7 million with an estimated annual population growth rate of 170,000 person

  • Home to 57 “Fortune 500” companies including Exxon Mobil, AT&T, DR Horton, Texas Instruments, Tesla, Apache Energy, Oracle, Baker Hughes, American Airlines, Conoco Phillips, Toyota.

  • 2026 Total employed 15.1 million. Ave 2025 salary $63,600 (US ave $64,500).

  • Texas has $0 personal income tax rate (California 8% + / New York 4-8%)

  • 2025 GDP US$2.9 Trillion making it the 8th largest economy in the world based on GDP.

HOUSTON

  • Greater Houston 2025 population 7.5 mill (2010 6 mill)

  • 3.5 mill full time employed YE 2025, ave salary US$67kpa.

  • 2026 median house price $340,000

  • Largest employers Medical, Energy, Manufacturing / Warehousing, Retail & Government

  • Second largest US new home construction market behind Dallas

BUSINESS

In 2016 the companies’ principals moved from Australia to Houston, Texas to manage international investors equity interests in land development projects being undertaken an independent Australian Syndicator. The original investments have now closed, The Pelagic owners subsequently identified new land development opportunities in North Houston, the properties were purchased with both Australian equity and local debt and our Houston based team has actively led the Project’s development.

Pelagic Property Group’s core business is to source and develop single family housing communities in Houston targeting entry and mid market new home buyers.

MARKET FOCUS

To develop quality properties in urban locations with emphasis on single-family housing estates. Target projects range in value from USD$5 million – $50 million.