Hi Moxi10 (Tony),I think you made a good call to hold back and I agree with your comment that "Although demand for accomadation should pick up again soon, the recent inflated rental rates may not be attainable again. ". There was a window of opportunity that I think has closed for the moment. The Supply Issue is an interesting one – I believe that…[Read more]

Hi KateMy suggestion is call your Building Inspector and discuss with them, Also give Council a call and speak to the Health and Building Department and run it past your Solicitor also.Cheers

luke86 wrote:
Thanks for your feedback. What I was curious about is how you get the cash out of the deal if you are building and holding.One option is to use a trust- where you lend money to the trust and then repay the loan using a LOC secured against the completed development.I just am not sure if there is a way of doing it if you buy in your…[Read more]

luke86 wrote:
Hi Ballerina- just curious as to how you got your investment out- did you purchase the property in a trust, loan the money to the trust and then take out an LOC in the trusts name to repay the loan toi yourself? Or did you purchase in your own name and find a way around refinancing?I am working though ways to do this and it is good…[Read more]

Hi BallerinaI did a road trip last year went from Toowomba thru Dalby, Chinchilla, Miles, Wondoan, Blackwater, Emerald, Dysart, Moranbah and out to Mackay.What I recall about Dalby came from a local builder who indicated that there was a lot of stock sitting vacant at the time. So I would do some homework on supply and vacancy in town. Cheers

CintakuI am wondering why you want to reinvent the wheel? Ceiling heights are standard at 2.4 metres so 2.7 is higher but 3 metres – WHY? Also my experience is that a good size bedroom is considered ,3 by 3 metres – Some project homes rooms are even smaller – my opinion is the master bedroom needs  to be a bit bigger by the other rooms are fine…[Read more]

Hi everyone,Just came across a couple of articles that I wanted to sharehttp://www.hotspotting.com.au/article/2304-high-growth-high-returns-and-high-riskhttp://www.brokernews.com.au/mpa/article/how-to-invest-in-mining-towns-126231.aspxhttp://www.apimagazine.com.au/blog/2012/04/is-the-magic-of-moranbah-over-2/There are a many more on my facebook pageCheers

Hi LukeyIs the land registered? Perhaps you could buy some time if its unregistered or perhaps you could look at a delayed settlement. I have had delayed settlements up to 12 mths after exchange.

Warren Buffett once said: “Be fearful when others are greedy, and greedy when others are fearful”. Reading through various posts, articles, blogs and publications has been an interesting exercise this morning. What do you think of this article ?http://www.apimagazine.com.au/blog/2012/04/is-the-magic-of-moranbah-over-2/

Warren Buffett once said: “Be fearful when others are greedy, and greedy when others are fearful”. What do you think is this an over reaction by the media?http://www.apimagazine.com.au/blog/2012/04/is-the-magic-of-moranbah-over-2/

Hi Again Everyone,Rereading through the posts in this thread has made me think – The short answer to the question is there are mining towns that are too hot  at present – Dysart peaked last year and dropped, Moranbah is going thru some issues now – I commented on this back in Sept 2011 on my facebook page "mining towns have volatile markets and…[Read more]

moxi10 wrote:
 Hi Mrs P ……………I personally would expect the rental demand to return to it's recent high levels in the near future, as there is no short term solution to the lack of supply in Moranbah, and I suspect that the combined efforts of the mines to hold back demand will have a limited impact in the near term.   However, it is ob…[Read more]

Hi Everyone,Its been interesting catching up on all the posts since the new year started. What a difference a few months can make and it just demonstrates the volatile nature of investing in some mining towns. I have been following whats has been happening in Moranbah and the surrounding areas with interest for some months now in various forums -…[Read more]

Derek wrote:
HI Sean,Coincidentally this just arrived in my inbox from Terry Ryder."What's a "boom town"? Here are four definitions… A town of 1,100 where $3 billion will be spent       Hedland – checkA town of 11,000 where $9 billion will be spent on its port         Hedland – checkA regional centre with a key mining province on o…[Read more]

ledgend80 wrote:
Was just reading the local mackay paper and they were reporting that rents have doubled in moranbah in the last 12 months, where people were paying 750 a week are now having to pay 1500 plus a week looks good for the investor out there

Legend , Rents have skyrocketed in the last 12 mths – Rents are now over $2000 per week and…[Read more]

Rickg wrote:
Did someone say the Hunter Valley! Plenty of Mining, Great Wine, the most populated regional area of NSW & voted the 7th hottest city in the world for tourists! a very diverse major mining town.

Yes – All of the above but the returns are nowhere near what you can get in Qld and WA – I have been doing projects up in the Hunter s…[Read more]

Hi everyone The media has finally caught up with the new of the mining town boom  check out the link to read the newshttp://www.couriermail.com.au/life/homesproperty/mining-towns-rent-bonanza/story-e6frequ6-1226143039455Cheers

Hi cokeranMate it looks good – I see you have made certain assumptions – EG Land tax is automaically included – what about thresholds?Stamp duty is calculated on the full purchase price  – what about split deals – EG house and land packages on 2 separate contractsbeing so wide is a bit of a problemcould you put the graphs below and make it…[Read more]

Hi ThommoI have been investing in the Hunter Valley Area since 2003  (I am based in Sydney) and haven't looked back since making that decision – Its a great place to invest in my opinion and with the following infrastructure investment I believe the Hunter will only get better with time.$1.1bil Mangoola coal mine; $320mil expansion of BHP…[Read more]

My vote goes for The Richest man in Babylon – It is in  my opinion ancient wisdom for modern timescheers