After 33 years of operation the BMA ran Gregory open cut mine has been put to maintenance mode and reduced its employee and contractor numbers accordingly. in 1997, the Crinum underground long wall operation started. Since then, the combined operation has seen production up to 5mtpa. However with flooding severely affecting  BMA's open cut…[Read more]

Further to this, Actions like these I believe should be likened to the past. Mining companies dislike labor governments and unions. Always, prior to an election will the magnify every pressure that the governments put on them in order to reduce them for the long run. 7 years ago the coal price was never even above $50 per ton, now it's slumped and…[Read more]

I think the Labor governments initiative the ULDA have done their job in doing this. Personally, I doubt an initiative like this would go through, i guess time will tell

Lee, best to see my thoughts via my blog for help on this subject. It has been topical for quite some time now

Legal, yes of course it is. If you're dead set against it you should write to the council about how it will affect your decisions. The $155 per year extra shouldn't send you broke though considering the rent you may be getting. Make your argument to council that is only going to increase rents as investors will want to pass it on.

My thoughts are…[Read more]

Hi Andrew, 

if you bought the house a number of years ago, and assuming you haven't accessed any equity that was there, I would look at renting it for break even point which shouldn't be much over $600 per week or so? That's if you can achieve that really. Its the hard part about a small town like Dysart, when it stops, it just stops!

Depending…[Read more]

Tinsel777 wrote:
I have read the beginning of this post & I wanted to ask Josh why he was targeting areas where it is proposed for Coal Seam Gas Mining?

Has anyone on this thread even bothered to do any due diligence as to the detrimental effects of this process, not only to the environment (it poisons our very precious deep water table) but it…[Read more]

I am told there are some good pay rises in the new negotiations however still some unfavorable terms for the unions at this stage. it will be interesting to see the official outcome and resolution.

On another note, we finally have seen NRAS stock in Emerald. With a proposed market rent of $600 or so per week for the houses, this could be great…[Read more]

Emerald was always set to be the hub for any projects out west. its great news! also, as GVK are more involved in the end to end process of the coal than companies like BMA or RIO, a reliance on exponential commodity prices will most likely not be required for financial approval. which is always the next big hurdle for these projects! Emerald will…[Read more]

Aviator77 wrote:
Hi Josh,

I have had a look at Emerald recently and seen that the rental prices have dropped from the lofty heights of $950 per week and now look like $700-$750 (which by the way is still a good rental yield).
I understand those prices may not have been attainable for a long period of time but as I am looking to buy again I am…[Read more]

Hi Everyone,
From being on the ground in all these areas I have provided an update for some key regional towns. The market activity of late including sales and rentals should show investors that by reading just media headlines or "town reports" with all the good news is not something to base your investment off. Investors have driven up many…[Read more]

Hi Jason,

Going out on a limb here, however if full circle means they do everything for you, in house, then it could cost you without you even knowing it in the short term. I haven’t heard of the company so i cant comment on them. Just be cautious of businesses that offer to do everything for you.

The best places you can start in regards to build…[Read more]

Hi Jason,

Going out on a limb here, however if full circle means they do everything for you, in house, then it could cost you without you even knowing it in the short term. I haven’t heard of the company so i cant comment on them. Just be cautious of businesses that offer to do everything for you.

The best places you can start in regards to build…[Read more]

Hi Jason,

Going out on a limb here, however if full circle means they do everything for you, in house, then it could cost you without you even knowing it in the short term. I haven’t heard of the company so i cant comment on them. Just be cautious of businesses that offer to do everything for you.

The best places you can start in regards to…[Read more]

Hi Lesley,

our Business brokers a lot of packages in Mackay on behalf of our clients, if you have any questions about Mackay on the forum im happy to assist where I can.

Cheers,

Hi Everyone,

Now that everyone should start recovering from the headache of end of financial year (I hope you all had a depreciation schedule!), I’ve updated my blog (see link below) with some comments about the widely publicised view of the mining boom being over.

Again, just my thoughts. I hope you all like it.

Thanks again for everyone’s…[Read more]

Hi DanniK

Mackay is a great place to invest, however land prices have gone up considerably over the last 7 months which has seen H&L’s go up a bit overall, its time to shop for good value in Mackay, not just take any property as a good investment. The land sounds on value to me however as a stand alone block, I would say it is too small. The…[Read more]

Another point which I would like to add is high cash flow areas can, from experience, fluctuate with rental prices seasonally throughout the year. Many smart vendors will somehow value add for the short term and take advantage of seasonal fluctuations and get an amazing yield for their property. I quite often see that this yield has been, in some…[Read more]

New homes and units can be cash flow positive within many mining regions and larger towns. Our past year has seen every new home we sold instantly become CF+ for our clients by $100 – $150 per week at least.

You have to buy right, not based on the yields, make sure the property you look for represents market value and that any rental appraisals…[Read more]

Hi Everyone,

for those that are following my blog, I have updated my opinion piece on Moranbah here…
http://ppiqldtour.blogspot.com.au/2012/06/fastest-growing-municipality-in-country.html