Forum Replies Created
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 Gladstone…returns not as great as other mining towns but there is a lot of other infrastucture NOT dependent only on mining. I have another in Middlemount much higher risk but a much better return….
BE CAREFUL…..itts easy to get caught up with the wonderful rental yeilds on offer……you need to be comfortable and most importantly be able to sleep at night…not worrying whether or not you have made the right decision.
go to lots of free seminars and keep reading forums.
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 def. stack up in Emerald making it a very attractive invest.
Mich
