Forum Replies Created
moura and blackwater could possibly head that way. then you have alpha, wandoan, miles and chinchilla
what towns do you think?does anyone think that moranbah has the potential to have the same prices as karratha/port hedland?
offer higher rent return and try get a 12mnth lease. Im just wondering though, can you sub-lease under a company name and is there a limit on how many properties you can sub-lease?
rudd’s lost the plot… The tax might work if he re-invested some the money in public owned infrastructure in the bowen or wa but to use it to pay off insulation and handouts is like having kindergarten students running the canteen
Pretty easy to find out how many rentals in a town. Just go to realestate.com and look at how properties listed for rent (check when available), then cross reference with the particular agents web site in town; i.e. lj hooker/gladstone for instance.
I’d be careful what I’d buy in Moura atm. Theres alot of properties listed for sale so you should pick something up for under 200k. It will def.pick up there but might take a couple more years (till belvedere start works on the 2.5bil underground mine).
Try and get a clause in your contract of purchase stating that the agent must get a lease signed at/or before the day of settlement. Make sure that your deposit can be refunded if settlement doesn’t occur. I done this in Blackwater a few years back when there was lots of rentals on the market and it worked for me.
Majority of miners in Moura are still staying in the miners camp.
you should be able to get finance, just add the mortgage insurance onto the loan
alot of houses for sale in Moura atm. Could pick up something under 200k with good negotiation. On the flipside, only about a dozen houses available for rent in Blackwater!
germany should pay back greece 100 billion dollars worth of gold (1940’s worth ) it stole from greece during world war two
This tax will shelf more projects as there will be less profit for mining companies to make. If shareholders aren’t getting dividends that there after it will force companies to mine overseas where there’s more net profit to be made. It will also result in pushing resource prices higher and countries like China will buy from supliers like brazil who might be cheaper.
This will result in towns not experiencing growth in population which will in turn put downward pressure on rents and prices. This will kill the next mining boom.
Belvedere won’t begin ground works till around 2012. Dawson North, which will employ an extra 100 employees wont make much of a difference. I really don’t see a boom in Moura for another 2-3 years…
I believe Blackwater has the most growth in in over the next ten years.
newbi2
check pm, thanks
a new taskforce is been set up in qld to help fast track mining projects. I believe these towns should benefit from this in the coming months
I think you will find it extremely hard to rent a house in Moura for $495 a week atm
Thats true about Banana. The problem with Banana though is that it is extremely small in size and has no services.
Everald Compton releases a monthly newsletter called “Everald @ Large”, always makes for very interesting reading.
usually the people that make these predictions are journalist making speculative headlines to try and sell papers and deffinately dont make a living through real estate investing…
if you put in a 35k deposit how many years before you could recycle it? my guess would be around 10yrs meaning imo this is a complete waste of time. better off buying a cheap 2 bedroom unit, 6% yield, small reno, increase the rent leading to a 7-8 percent yield.
around 50 new homes will be built in moura in the next few months in the Dawson view estate
what happens if you only sell 1 or 2 units, then rates start to creep even more upwards? will you be able to service the loan on a lower yield? You also have to put money into the sinking fund as soon as you sell one unit. Its not as straight forward as you think. If anything, you should try and get control of the property under an option, strata and onsell the same day as the option is called. Just an idea.
DodgerC wrote:Succint reply. Also there will be a number of gas pipelines going through Wandoan to Gladstone.Roger
Exactly, which will see the CSG industry boom. Looks like everyone has been doing their research. Might have to start shopping for bargains!
In regards to Moura, I have property there and have had the same issues with managing agents in the past but Amanda seems to be quite helpful atm.
In my opinion, I think these three towns have the potential to become the next Moranbah in the next 2-3 years. What will be req’d is fast tracking of DA’s from govt, patience and good negotiation on property deals.
