hi guys,

1st post in the forums! I'm looking make my 1st rural/mining property investment and could really use some help!

I've been looking at Clermont recently but by the looks of it most people on here are suggesting Dysart tho, what are your thoughts on clermont? I'm looking at a 3-4 bedder for $350k. rental returns are about $500-$600 so suprisingly a lot lower than Dysart, i assume this is because of proximity to mines?

I have a few concerns tho, flooding is a major one as it seems ot be quote common in the area. does homeowner insurance in the area cover acts of god? the mines in the close proximity to the town only have about 10-15 years life on them (although from what i've read coal mine lifes are usually extended), the larger mines are still about 100kms away.

i only have 1 property in my portfolio and have never bought it a mining town before and feel a bit overwhelmed by it all. while the returns are very attractive i'm worried the risks may be too high considering i'm still trying to build my portfolio. what do you guys think? any feed back would be much appreciated