Hi JoshFirstly, thanx for taking the time to help out investors with information on the Mining Towns.Your blog updates and forum posts have been great reading.I have purchaed homes in the Bowen Basin, Surat Basin and in Kalgoorlie and have experienced great capital growth and rental yields in all of them.I love the Mining Towns and cant get eno…[Read more]
Thanx to all the above who have offered advice.The rent return is $1,200 a week. The tenant is employed with a major mining company who had advised him that they would subsidise his rent then reneged on the deal after he had signed the lease (apparently).Yes, the selling Agent did set up the lease as part of the sale of contract.I have owned 2 o…[Read more]
Hi MelRegarding Blackwater, I read last week that Anna Bligh has given the nod for 300 blocks of land to be released in blackwater within the next 12 months.She has also done this for Moranbah in the Bowen Basin and Roma in the Surat. This release of land is due to the impending demand on accomodation due to future mining projects. She is t…[Read more]
Hi KylieI like Orange because it has the 2 billion dollar Cadia mine expansion which is estimated to create 1300 constructrion jobs and 880 ongoing operation jobs, I like the diversity of the economy. It has agriculture, education, tourism, manufacturing and great helath services.There is also a $260 million dam and pipeline network planned fo…[Read more]
Hi KylieI am also checking out Orange as a potential investment area.Cadia mine is in the construction stages i understand and there is a shortage of rental accomodation. There are extentions happening at the hospital as well.Terry Ryder mentions Orange as a great place to invest – refering to it as a rock solid regional investment.Serviced Apa…[Read more]
Hi again LeftyI am using Tess/Angela at Elders Real Estate. I had each unit with a seperate agency with the incentive of whoever rented the 1st property they would secure management rights to both units. Elders rented the first one. Having said that – the potential tenant pulled out this morning due to her contract of sale on her PPR falling ov…[Read more]
Surat Basin Homes have just completed a duplex pair for me in Chinchilla. I found them to be very informative and helpful. I am Victoria based but flew to chinchilla to check out their work. My husband is in the building industry and he was very impressed with their standard of work. we have been dealing with Steve Bradford from Surat Basi…[Read more]
No Hire a Hubby up there.Karen – the gate is falling apart on one side and needs to be rebuilt.I am looking into getting a roller door fitted instead. Gotta be cheaper than the quote I got and should add value to my house.Could be a win win if it comes together.If you do hear of anyone that can help I would appreciate your help.ThanxDebbie
Hi again jackieCould you use and agent from Chinchilla to manage your sheds ? We have been looking closley at the area and have decided to invest in Chinchilla. The agents i have spoken to there have been very helpful (as you would expect).Jess Wagner from National comes highly recommended by some locals. DebbieI
Hi JackieI saw these in Real Estate.com but only in the land for sale area.Perhaps they could advertise in the property for sale area as well.there is also a realestate.com commercial propery for sale site as well.i would send you the link but am in a hurry to get to work what is the occupancy rate of these sheds ?Debbie
Hi SimonWhere exactly would you recommend buying in the Surat Basin? – there are several areas to choose from.There certainly appears to be a few projects on the board in the area.cheersfingerscrossed
Hi KarendayThanx heaps for your input. I am sure there are plenty out there needing some reassurance at this time.Are you able to tell me if the BMA Cavill Ridge is still a goer and what is happening with the fertilizer plant ??These are the 2 reasons i bought in Moranbah in the first place !!Also, I dont understand why your Real Estae friend…[Read more]
Hi stu_-maccaI use raine and Horne in MacKay and have been happy with them.Vision are pretty good too I hear. I have a friend that has 3 properties with them. The advantage that they have is that they are living in Dysart. They are also the agents that BMA go to for rentals.Your property is in Moranbah isnt it ?? I make a point of speaking to…[Read more]
DessyrayI too would like to thank you for taking the time to contribute to this post.There are obviously a few concerned landlords out there, me included, and we really appreciate your inside information.I own property in both Dysart and Moranbah. I currently have them both on the market. I have just secured a new 12 month lease in dysart for $9…[Read more]
Hi intelligenttradI was just reading a post that you wrote on dec 17th regarding Property Agents in Traralgon and who to avoid.Can you please forward on this info to me.I am presently looking at purchasing property in Traralgon myself and any info you could give me would be much appreciated.ThanxDebbie
My friends and i own 6 properties in the Bowen Basin between us.5 of these have been signed up for 2 year leases in the last 2 weeks by major companies.Yes, we had to negotiate lower rental agreements then what we expected. We rented them all for between $900 and $1200 a week. Considering that the purchase price for most of our pr…[Read more]