Hello Daedalus,
My girlfriend and I have invested in a house not 12 months ago now and the price, both rent and sell, appears to be going through the roof. Today I received a phone call from our new real estate agent who has just had a tenant sign a lease for a 3 b'room house for $900/week with the contract to be reviewed in 6 months for an adjustment to $950/week.

A college of mine and myself are looking to purchase some property in or near Clermont as there is some quite substantial works currently underway by a mining company by the name of Waratah Coal (www.Waratahcoal.com). This Canadian company has been exploring the available resources between Clermont and Alamac known as the Galilee Basin. The development extends to a new port north of Rockhampton. We understand that the total expenditure is in the order of $5.5 Billion (including some Government input).

Have you seen any any development, or any information, out the Clermont way, such as the massive round-a-bout (clearly visible on google earth), that may indicate that this development is actually going ahead?? We have been keeping an eye on the markets and it appears that waratah coal has dropped almost 50% in value and we were wandering if this venture was still being worked on.

Mick