michmich replied to the topic Looking for first IP in mining towns in the forum Help Needed! 13 years ago
Hi Sunny,
reallly really really important to spend time on your due diligence….
Be careful with lots of QLD mines particulary Emerald….great returns but very flood prone…most insurance comp. will not insure there.
Call the local council in the area that youre interested in and see what plans they have for the future…I have 2 prop. in…[Read more]
michmich replied to the topic QLD mining regions (Bowen & Surat Basins & Gladstone): Willing to help anyone with questions in the forum Help Needed! 13 years ago
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 that all the no’s…[Read more]
