Hi Everyone The last 3 days has been interesting to observe – All the Doom and Gloom about the Norwich Park Mine closure has been all over the Media yet the announcement made by Anglo American Coal to Double its mine size in Moranbah on the same day has gone virtually unnoticed an as had almost NO press. http://www.theaustralian.com.au/b…[Read more]

Hi Everyone The last 3 days has been interesting to observe – All the Doom and Gloom about the Norwich Park Mine closure has been all over the Media yet the announcement made by Anglo American Coal to Double its mine size in Moranbah on the same day has gone virtually unnoticed an as had almost NO press.…[Read more]

Hi EveryoneThe last 3 days has been interesting to observe – All the Doom and Gloom about the Norwich Park Mine closure has been all over the Media yet the announcement made by Anglo American Coal to Double its mine size in Moranbah on the same day has gone virtually unnoticed an as had almost NO press.…[Read more]

Terryw wrote:
If you are buying properties to demolish you need to be buying at almost land value only. – probably. Demolishing a house can cost up to $30k plus when you remove the house the big drop in value.

Terry i can't completely agree with your statement – Sometimes removing a House can actually increase the value of a property. A recent…[Read more]

Scratch wrote:
Definitely do not panic, lol. There are several other mines surrounding Dysart, but if you did proper due diligence prior to buying you would already know this. It will definitely see a drop in demand with an increase in available properties, but this is a primary example of the risks involved with investing in mining towns.…[Read more]

Hi PropertyGutsI have seen Rowan Burn speak – He is a Dr DeMartini trained Grad – Interesting concept using Property Options and Landbanking. I am sure you will enjoy the day

WisePearlHad a thought – most builders allow for a 500mm cut and fill on a normal building site so there should be now additional cost in building.Your extra costs will probably come from retaining walls or drop edge beams (if required) and access and removal of spoil. Trust this helps.

Terryw wrote:
You can change settlement dates if they agree. If the contract is conditional then you may not be in so much strife. Best to work out a new settlement date before it goes unconditonal as you will have more leverage over them.

I agree with Terry – Act now – another option is to offer a small sweetener for the delayed settlement -…[Read more]

My suggestion is get the price reduced by receiving an $18K cashback and then furnish it yourself if there is the demand. Ensure you rent at a premium as you will have to repair and replace furniture as it gets damaged.

Hi Sagos GirlThe short answer is Supply and Demand drives price. Its also dependent on vacancy rates . And its owner occupiers that generally drive the market rather than investors.hope this short answer helps

Terryw wrote:
Trusts can be set up and run pretty cheaply, but they are complex and usually cost money in getting tax and legal advice down the track.There would also be stamp duty on transfers to the trust. It is probably not worth doing for equity of $100k.If the main residence is in VIC then you may want to look at one spouse buying out the…[Read more]

jadamo76 wrote:

Nhan wrote:
Hi there,Just wondering if anyone knows the location for the 2012 mega conference this year? I know its in Melbourne but dont have the address.Your feedback is much appreciated.Nhan

Hi stupid question but what is the "mega conference" ???

Hi JADAMOHere is the link for Last Year's (2011) conference…[Read more]

Just found a survey today in the paper Poll Is Moranbah still a property hot spot? Thank you for voting. Yes 47% No 52% This is not a scientific poll. The results reflect only the opinions…[Read more]

Hi GuysWondering if anyone has any thoughts on the Norwich Park Mine closure ? Anyone invested in Dysart with any Info?http://www.dailymercury.com.au/story/2012/04/11/bhp-closes-norwich-park-mine/

Hi everyoneWhats the feeling in the forum about the closure of the Norwich Park mine out near Dysart QLD by BHP/BMA?http://www.dailymercury.com.au/story/2012/04/11/bhp-closes-norwich-park-mine/I would be interested to hear your feedback.cheers

CintakuThere is a place for everything in the market just that I think you need to understand the market you are in. I have a builder friend that was building Mansions on the Gold Coast a few years ago – the wiring and cabling for one house was $250K alone – He is not building them at present as the market is not there. A big house with Big rooms…[Read more]

CMS wrote:
Not sure how I can "bite the bullet and make a decision" – we have dropped the rent and happy to drop much further, also keen to sell even at a loss just to be done with it, which isn't likely at present with no one buying- Keen to hear if anyone rents or sells in the short term though.

CMS I am curious – what type of property do you…[Read more]

Well Guys and GirlsMine is a bit boring just a Commodore 2009 bought new due to the Govt incentives at the time. And on which I have clocked up 90,000 Kms in just under 3 years. My 2nd car is a Proton which I won in a competition I didn't known I entered when I put down a deposit on my last Building Project – A big thank you to the Builder for that.

Hi CMS and eveyoneLooks like there may be light at the end of the tunnel I just received an email for one of the agents in Moranbah which said in part "Our Rentals Department has just started negotiations with some of the larger mining companies over the past few days regarding new leases that they will be taking on."    Hopefully this is the s…[Read more]

Hi FTI,Have to agree with Stacey Surveying – need more Info – there are a few options that you might consider depending on what you can put on the site. Perhaps doing a 2 staged development  and A Joint Venture with another Investor are a couple of ideas that spring to mind. You could also look at building 3 – selling one and keeping 2 if you…[Read more]