I agree….7.5%-8% is pretty standard. The issue is that it could be argued that if you bargain too hard with your property manager and screw them down in price then perhaps they may not provide the same level of service you would hope for because you've taken a margin from the management fee. Why sweat the small stuff mate…..? And 3 bucks is…[Read more]

Freckle wrote:
JT this (see below) may inspire some confidence but I think it’s overly optimistic. Many of the current projects are scheduled to be in operation by 2014 with some running out to 2016. Whats not clear is how quickly the scale of the projects will wind down as they near completion and what might be behind them to fill the vacuum so…[Read more]

gloveboxinvestor wrote:
& here’s one that puts the brakes on Abbot point …

http://www.businessspectator.com.au/bs.nsf/Article/Qld-govt-scraps-Abbot-Point-coal-terminal-expansio-pd20120518-UEPGZ?opendocument&src=rss

It’s just good economic sense.

It’s been said the massive expansion was another ‘cash grab’ by a desperate and economically…[Read more]

Freckle wrote:

JT7 wrote:
It appears Vale doesn’t agree with some views expressed here.

A plan that’s been on the drawing board for some time and makes sense to continue with even though global uncertainty is the theme of the day.

Mining will not stop. Construction of new mines will not stop.

What will change is the price of commodities…[Read more]

JT7 wrote:
It appears Vale doesn’t agree with some views expressed here.

http://www.theaustralian.com.au/business/qr-national-signs-vale-for-galilee-line/story-e6frg8zx-1226359355510

http://www.4-traders.com/QR-NATIONAL-8813695/news/QR-National-and-Vale-collaborate-on-Galilee-and-Bowen-Basin-rail-solutions-14333222/

It appears Vale doesn’t agree with some views expressed here.

http://www.theaustralian.com.au/business/qr-national-signs-vale-for-galilee-line/story-e6frg8zx-1226359355510

bardon wrote:
All you coal town investors aint looking that bad when you look at the long term demand figures. Especially coking coal. India's demand for coal set to soar BY: ROBIN BROMBY From: The Australian April 30, 2012 12:00AM Increase Text Size Decrease Text Size Print FORGET coal price forecasts for 2013 in tonnes — think quadrillion…[Read more]

PM’d you mate.

Jack

St George and most recent through Fastlend – The loan product is ‘Performance Plus’. Both at 90% LVR.

Richard Taylor @ Taylored Financial Solutions is my MB. He is superb. My wife and I call him ‘Magic Man.’

Richard is also a regular contributor on this forum.

Jack

LOL! Yes I must admit I’ve been tempted by Wandoan also and other potential ‘Honeypots’. Was looking at Wandoan a couple of years ago when median prices were around $180k! Would have doubled my money in 2-3 years!

I agree with your general comments mate.

The fundamentals remain firm. Just need to drill down the DD!

bardon wrote:

JT7 wrote:
It’ll be interesting to see whether the plans of Aldani are adversely affected by this latest setback?

What are these plans I am not aware of them but interested in finding out?

As far as I’m aware Aldani purchased a 99 year lease on Port Abbot. Aldani has massive interests in projects in the Galilee Basin and the…[Read more]

bardon wrote:
I have just realised that some of those new projects that got the green light may be adversely affected by the Rio pull out. We may well be over the top of the boom now, given the high production costs, trade union militancy, red/green/black tape and government emailers.

Indeed, this may well affect operations right down the…[Read more]

It’ll be interesting to see whether the plans of Aldani are adversely affected by this latest setback?

However, we (collective Australia) allowed this to happen!

The ‘people’ created this scandalous government and allowed the Greens power in the senate. What did we expect to happen in such a toxic environment?

We have no one to blame but ourselves!

Those are the facts!

I’d agree. Newman appears to be fiercely committed to getting Queensland back on track economically.

Similar to the WA state government they want a fair share of proceeds from mining being funneled back into the states coffers to benefit Queenslanders…and rightly so I think (I’m not a Queenslander by the way).

BHP have had similar discussions…[Read more]

RIO PULLS OUT OF PORT (M, Ludlow & D, Hall, page 7 April 21-22 2012 edition, Australian Financial Review Weekend Edition)

‘Mining giant Rio Tinto has pulled out of the $6.2 billion expansion of Abbot Point coal terminal in north Queensland, blaming rising costs and delays in environmental approvals from the federal government’.

Just another…[Read more]

michmich wrote:
Hi Josh, my partner and I were about to purchase in Emerald however our insurance broker who deals in mining prop..around Qld advised us not to proceed with the purch. Insurance apparently is very high, and Emerald is extremely flood prone. Is this correct? Were you affected in the last floods? He did however say that he agreed…[Read more]

Hi Matt,That is a very general sort of a question…..There appears to be a lot to like about Bowen but vacancy rates are high at the moment….however its possible an OTP strategy may work out but I guess it all comes down to timing. I've used a similar strategy in a town situated in the Bowen Basin however, the market is on the rise and I've…[Read more]

NQ6 wrote:
Last couple of weeks i’ve had renewed interest in buying after stopping for several years, theres some good deals out there with motivated sellers around .Negotiating a house purchase this week in Nth Qld. Good to be buying without the hype and frenzy we saw in the last property boom. With the change of govt in Qld and the…[Read more]

simple wrote:
Interesting stats, as long as you know how data is calculated.Say, if we have more high end properties sales recently, it will indicate that house prices grow for this period:)Very different story on the streets, people loosing jobs, even QUT in Brisbane just shed a lot of people who are long therm (over 10 years there). We…[Read more]