or at least a wealthy bloke Daedalus.

Esam,refer: http://www.dailymercury.com.au/storydisplay.cfm?storyid=3786539Discussions with my managing agent indicates that there is still demand for good properties in Dysart. If Marian haulage lost the contract unexpectedly at renewal time, then it seems to make some sense that someone else won it, or is about to. Marian would have been in the…[Read more]

HopefulInvestor,I agree with you that investors in this area need to understand the risks, and I don't mean to paint a 'blue sky' picture by any means. Investors in this area at this point can probably expect some short term gain, but will have a thinner margin of safety to protect them when these towns return to a more normal, operational…[Read more]

Hopefulinvestor,Do you think you might be looking at the waves on the ocean, and not the direction of the tide? The link that you provide http://www.globalcoal.com/news/coalnews.cfm does indeed indicate a drop in particularly thermal coal prices on one article, but several others on the same page talk up the fundamentals of coal – particularly m…[Read more]

Hi BenEdan,Yes I believe that is correct. Moranbah seems to have broken through the threshold that makes new development viable. At one end of the town there are a lot of homes built within the last few years, and these are the most likely to be pulling the $$$ mentioned in that article. You can still get highsets and lowsets cheaper than that.On…[Read more]

Hi WealthyJvd,Sounds like you've got your head screwed on right, congratulations.In my experience, the houses that I've bought as IP's are NEVER places that I'd live in myself. The qualities that make a good investment don't usually overlap with the qualities that make a nice place to live – especially if your investments are CF+. And if they are…[Read more]

Good information, thanks Terry.Daedalus.

Hi Aram,Have a look back through this thread and you'll find a few references to Blackwater, like this one https://www.propertyinvesting.com/forums/property-investing/help-needed/4323195?highlight=blackwater&page=5#comment-177578.The quickest way is to use the search feature at the top of the web page.WRT building and pest, I don't know of anyone…[Read more]

Hi Mick,Well done on your property, is it in Dysart? If so, you might be interested in this:http://www.yourprojectnews.com/news_item.php?newsID=10084I think that might put more pressure on Dysart the rental market in the medium term…With regard to Clermont, I haven't really been watching it. I was aware of the Waratah announcement a few months…[Read more]

Hi Swany,The CoCR looks a bit low to me, making some broad assumptions about operating costs like insurance, maintenance etc. I'd be looking at ways that I could increase the value of the property to gain equity, and increase rents to improve CoCR…I expect that a commercial loan would be required, rather than a normal residential loan. This may…[Read more]

Hi BenEdan,It's never too late, there is always opportunity. Analyse carefully, strike swiftly.I've had a question posted on my blog about building in the Bowen Basin, that sounds like something that BuilderBob might know about. Bob?The other question I had on my blog was about Capella.When I visited Capella at the beginning of the year, there was…[Read more]

Hi guys,There's already an airport at Moranbah isn't there? An airstrip at least. It couldn't take a jet, but it takes the regional turbo props.Deadalus

Hi,It sure seems like there's a lot of activity in the area at the moment. As I've mentioned in previous posts, I use Google news feeds to send me anything that hits the news about Moranbah, and I've been getting several alerts every week for months now. Lot's of new mine activity, and lots of articles about how the town is growing to support the…[Read more]

Hi Pecko,I saw your post in the other thread, and my thoughts were that I don't think it matters which one you go for – it's more important that you just do something. So from that angle perhaps it's good to start with the one that works out cheaper for you.I'm sure you will find that either of them will be worth more to you than the ticket price,…[Read more]

If the money is owed to the child then it is a liability, which is an accounts payable.Let's say it's your trust, and you are the beneficiary….A beneficiary loan under accounts receivable would be funds that the trust has 'lent' to you, but expects to get back (receivable). If the trust had a lot of cash, and you needed some, then the trust…[Read more]

Hi AimHigher,Hmmm, dear old dingo…When I went through Dingo at the beginning of the year, I tried to work out what makes Dingo 'tick'. I do this to see if I can identify the opportunity. The conclusion that I came to was that Dingo exists because it is a very old town on the highway, and way back might have been about the distance you could…[Read more]

CGT is based on your marginal tax rate. So just work out what marginal tax rate you're on and multiply it by the capital gain.E.g.. 30% marginal tax rate (income between $30K-$75K) = 30% X $50k = $15,000 tax.If you hold for more than 12 months, halve it.(I'm assuming when you say 'make $50K' you mean net profit)Daedalus.

Hi Tina,I'm personally not so warm on Blackwater. There seems to be a lot of mining activity there, but I haven't seen much increase in prices over the last year or so. Perhaps all the mines are in a mature stage of development. It's hard to see a compelling reason for prices to increase in Blackwater, but I must confess I'm not looking that hard…[Read more]

Hey Bob,My PM called the other day about the upcoming Dysart lease renewal. She suggested somewhere between 850-1000pw is viable. Currently sitting at 600pw, so I'm looking forward to finding out where it settles.Also, Moranbah is looking hot again with the Nitro plant moving forward and talk about the Pilbara-Bowen rail line having a coal loader…[Read more]

I've heard that more than 3 units is usually considered as commercial. Sometimes you might get 4 on a residential depending on the lender.My understanding is that commercial is almost always 30% at least, but I'm not a broker.Daedalus