schmoo wrote:
Has anyone bought recently in Emerald? How are the bank valuations going there when it comes to getting finance? Are they valuing the houses much lower like they were in more high risk areas like Moranbah?

Hi Schmoo,

I’ve got a couple in Emerald including one purchased recently and had no problems with finance and the banks at…[Read more]

PISTORE wrote:
I'm sorry to say, but the ship has well and truly sailed on Moranbah. I wouldn't touch it with a 10 ft pole now as ALL the signs are saying that it's maxed out and is now on it's way back down to a more realistic position in the market.Forget Moranbah, start looking at locations that are going to be the NEXT Moranbah. That's where…[Read more]

popelich wrote:
Hi,for those that have purchased recently in Emerald or are in the process of purchasing is there much discounting on purchase priceCheers

Short answer….No!

The market is starting to run hot.

Unless you have done your DD and know exactly what you are negotiating on…..there is little room for any discounting.

Vacancies…[Read more]

bandwagon wrote:

JT7 – we are currently awaiting a contract for purchase of a new villa in Emerald – have read all your posts & wondering if you mind if I PM you with regard to flooding & street we’re proposing to buy in – have received a bit of conflicting info ?

Sure mate. No dramas.

elemist wrote:
Just been doing some reading into Emerald and it looks promising.

That said – if its so promising how can they be asking only such a small amount for a place like this?

http://www.realestate.com.au/property-house-qld-emerald-109981781

I mean its so cash flow postitive it’s not funny?

Because it got wet in the…[Read more]

coalstar wrote:
India is also a country with ppl japan and also all of south east asia, China is only part of the story, then you have american consumers; and 500mml chinese moving from third world to middle class citizens in the next few years.Buy well and at a discount, increase your yield and you'll do well in mining towns; Moranbah though…[Read more]

PM’d you.

Hi taxdiva,

I don’t want to sound flippant but why not mitigate the risk and purchase in a non flood part of town. I’ve 2 in Emerald but made sure before I purchased both properties we’re going to be high and dry. Survived 2010 floods. The market has bounced back and is now rising fast! Excuse the pun!

Certainly makes sleeping at nights easier.

Jack

Hi Kennychlorine,

What’s the hurry to spend $600K!?!?

The market’s aren’t going anywhere and you sound like you could do with some time to educate yourself.

I’m not convinced from an economic perspective Tasmania is the best place to put $600k.

You’ve received some really valuable advice on this thread. There are many many considerations to…[Read more]

Update on Emerald – Rents are starting to go ballistic!

trickeymickey wrote:

Aviator77 wrote:
Has anyone had a look at property in Emerald of late? Its almost impossible to get any decent investments there. Its like the demand has outstripped the supply and they are not producing enough residential housing to accommodate this demand. Your thoughts on this situation Josh?

I have just got finance…[Read more]

Aviator77 wrote:
Has anyone had a look at property in Emerald of late? Its almost impossible to get any decent investments there. Its like the demand has outstripped the supply and they are not producing enough residential housing to accommodate this demand.
Your thoughts on this situation Josh?

Yep its really starting to ramp up in Emerald.…[Read more]

Derek wrote:

JT7 wrote:
With the industrialisation of China and India, the development of a more capitalist society and a rapid shift away from socialism not to mention a growing middle class demanding 'stuff'

Hi JT,I recall an article about 10 months ago discussing  the impact of urbanisation on Australia's mining industry. The article…[Read more]

Nigel Kibel wrote:
The quicker we can get rid of these fools the better. Let us get a liberal government as soon as possible

Most of them (Politicians) are idiots but I agree the ALP is an absolute and diabolical shambles.

They’ve stumbled from one blunder to the next yet people still vote for them!

Not much of a choice is it?

Could you trust either one?

Yep. I read an interesting article in the AFR this week about Xstrata being held up yet again in Wandoan.

Agree with primoHCC on this one. Those underlying fundamentals in relation to hard coking coal in the Bowen Basin are solid.

With the industrialisation of China and India, the development of a more capitalist society and a rapid shift away…[Read more]

Hi dancody,

I’d have to agree with Nigel here. There are a number of financial considerations to take into account when deciding what to do with a property. I’m also tend to agree with Nigel that many mining areas will see significant gains in the coming years depending on there location and fundamentals.

I don’t have property in Moranbah but…[Read more]

Yep agree Tony.

I think we’ll see investor targeted property developments pop up around Alpha offering some pretty tempting returns.

Higher risk higher returns. Be a case of time in time out perhaps but again it depends on what happens with this new FIFO development.

I’ll stick with those regional hubs me thinks!

moxi10 wrote:
There is a new twist to the FIFO approach by the mining companies, with several companies, Adani in particular, pushing for approvals to FIFO overseas mine workers. Clearly not a plan which would be beneficial to Australia, and local mining communities in particular. http://www.cqnews.com.au/story/2012/02/15/extreme-fifo-plan-strike…[Read more]

amandaj wrote:

camjanice wrote:
Yes, very happy with mine, new property completed in December with great corporate tenant, 12% gross yield in furnished house.

That's good!

Yep! Rents are really starting to climb in Emerald! I have two now in Emerald. Just purchased a new build and very happy with my investment decision to go again in…[Read more]