I went to Aldi and bought hamper style goodies like chocolates, jams, etc, then packed in a post pack and gave to my corporate property managers and the tenants.  Good will is everything.  The responses I received were awesome.  Folks, even property investing is all about relationships.  Think of the goodwill bank account.

Thanks zed that it is about what I initially thought as well – 3 years thanks

From my mb re WBC lending

Please find attached policy change that advises that the bank will use only 60% of rental income in
Blackwater
Moranbah
Dysart
May Downs
Middlemount

FYI I have exact copy of policy if anyone wants
Cheers
Jane

Thanks all, we have 4 invt prop high yield in mining towns but haven’t bought for capital growth for 10 yrs! And never in bris. What is BMv?

My thought, for what they’re worth, is still that mining town investment is really about yield and aiming for no capital loss.

The key to yield for us is only buying property that has an existing company lease and if not to make contract conditional on getting one. Also property needs to be v attractive and at higher end of market so it is easy…[Read more]

Hi there I am a new member to this site – but was very interested in getting in touch with other mining town investors.We have property in Moranbah, Blackwater and Dysart, as well as a new build in Rural View (Mackay).We wanted good yield as I am now a SAHM  and needed an income.  For M and B we have seen good capital growth – which will be a bo…[Read more]