Forum Replies Created
Hmm ok thanks for telling us
sapphire101 wrote:Hi FT,There are a number of things to be aware of before you jump into mining areas, the least of which is to be one step ahead of the economy, which is a very hard task in itself. An interesting article is here from Mr Yardney
http://www.propertyobserver.com.au/residential/warning-to-investors-stay-away-from-the-coal-face/2011082451270Ian
http://theblockblog.com
Free Property Investment Info, Tools & Resources for Investors with A Sense of Humour.While I agree with some of yardeny’s arguments I also disagree about home buyers not buying mining areas it is a well known fact that if you live in these areas you increase your chances of working in the mining sector.
You can still get houses in emerald/blackwater for under 300k I don’t know about you but buying a ppor so you can earn 100k+ sounds like not to bad of an idea, its not always at it seems on the surface.
most will be housed in camps and FIFO
Blackwater Has always had a woolworths before the boom in the busts etc.
However there is no maccas,bunnings etc
if your going to take a punt on blackwater go for newer housing with a good long company lease
$3 a tonne is more then enough to send our buyers elsewhere..
Q: Will this kill the coal industry?
A: Again, that what many critics fear, but the one thing the Greens and the coal industry seem to agree on is that the coal industry will continue to grow in the next decade. Coal miners say the carbon tax will restrict that growth, but the government has a $1.3 billion package to transition the coal industry to a ‘cleaner’ future.This is from that article sounds like political speak for yes it will hurt the coal industry but will give them a bit of money that should fix it.
Look what they Just did to the beef industry.
And who says I don’t have a vested interest in the area I said I wouldn’t buy in Dysart/Middlemount
Not emerald/Blackwater infact I would suggest buying there if it wasn’t for the carbon tax scare.
anyway I doubt it will get off the ground enough are against it Gillard will just be booted out.
I went to school there my husbands parents live there half of our friends work in these areas so of course I don’t want the bloody carbon tax to affect the mining sector.
and I already have enough properties in these areas, some are good some are headaches, if your right if it even comes in then I’ll be glad that 20 of our best friends didn’t loose there jobs…
Emerald will always be a good area to buy in whether mining is still around for another year or another 100 which is what it should be around for with the amount of coal reserves in the area.as it doesn’t rely only on mining as it’s only industry the same can not be said for dysart which is what the op’s question was about in the first place.
Brown wanted to shut the mines down and even said so in June
this year
That’s what is worrying our friends as the whole thing is being pushed through via the greens.
JT7 wrote:minichick wrote:Portfolio PI wrote:minichick wrote:I would wait and see if the carbon tax goes through before investing in any mining area atmhow is the carbon tax going to impact coal mining exports?
http://www.miningweekly.com/article/carbon-tax-will-hurt-jobs-in-coal-mining-report-2011-06-14
<moderator: I have deleted the pasted text of the article. Please use link to see the article>
9 contracts have pulled out last time Rudd tried a similar tactic jobs were lost and the reigns given to Juliar would be nice to be wrong as I was considering investing in some towns such as Blackwater/Emerald dysart/middlemount are just to risky for my SANF
There appears little doubt this carbon tax is causing the industry some headaches. It has surely caused uncertainty in the market and increased sovereign risk in the short term. However, I also think there is some scare mongering from both sides.
It is my understanding, and I'm only to happy to be corrected, that the carbon tax will only add approximately $1.20c to the cost of 1 tonne of coal for export.
There may be some confusion between the tax on export coal apposed to coal fired energy facilities such as Hazelbrook down in Victoria which burns high polluting brown coal.
I believe the underlying fundamentals are extremely strong. There is a whole lot of politics going on at the moment and some spin on truths. Don't listen so much to what these massive mining companies are saying at the moment but look at what they are quietly doing.
Jack
My husband is an ex miner 3 mates from the bowen basin area called last weekend they are worried about there own properties.
These are locals 1 is a UM the other a deputy. 1 mate says if it kicks in he’ll loose his high paying job and have a 350k mortgage on a house worth about 50k.
EXPORT is the one thing that will get hit hard china will not buy from us even though we have the highest quality coal if cost is 50% higher then the next best competitor.
May want to read this article:
You can take the word of spruikers or listen to locals which one is wiser on the current market the one trying to make a buck selling an overpriced property?
Or mining employees/employers worried about there own future, I know which one I choose only a fool would choose a spruikers word…I pray that Brown oops I mean Gillard doesn’t get her way.
Portfolio PI wrote:minichick wrote:I would wait and see if the carbon tax goes through before investing in any mining area atmhow is the carbon tax going to impact coal mining exports?
http://www.miningweekly.com/article/carbon-tax-will-hurt-jobs-in-coal-mining-report-2011-06-14
<moderator: I have deleted the pasted text of the article. Please use link to see the article>
9 contracts have pulled out last time Rudd tried a similar tactic jobs were lost and the reigns given to Juliar would be nice to be wrong as I was considering investing in some towns such as Blackwater/Emerald dysart/middlemount are just to risky for my SANF
I would wait and see if the carbon tax goes through before investing in any mining area atm
sounds about right was at auction other nigh all properties passed in qld
2 weeks to go untill auction
ryan mclean wrote:Just make sure you define the spaces/rooms so they appeal to the most people. Most people when buying a house lack imagination so you need to show them the best way a house can be set up.
I noticed one of the rooms had a desk and computer in it. If it is a tiny room then that is fine, but if it is big enough to be a bedroom then it might be better to display it as a bedroom.Rugs are a good idea, but make sure it is a neutral rug, not a fluro pink rug or anything.
Turn all the lights on and lamps on when you have an open house, makes the place look lighter.
Good luck selling your property.
Thanks for your feedback Ryan the only room with computers is the office and it has 3 desks in it not sure why you can only see one
JacM wrote:Hi!As a general rule, I'd probably put a rug on the floor in the bedrooms and a picture on the wall. Makes the bedrooms look lovely and restful. That said, I'm not sure whether it is better to market QLD property without rugs on the floors, simply due to the temperatures in QLD.
Thanks JacM will get some nice rugs see if it makes any difference
Gladstone seems to be the talk of the town as of late
last subby we did was 3.5k for the paper work approx 20k per block was in rural qld though much higher if you have services like sewage town water and the, open space contribution to your council that one sure stings…
Since you have been bankrupt your probably looking around 10% as would still be considered a high risk borrower
selling the property to a trust maybe the way to go as richard has suggested
you would be better putting 40k towards another rental property properties and go rent somewhere cheaper IMHO
Look at rocky and emerald rather then a town that is soleley reliant on the mines,
or research research and get into towns that have a mine going to happen in a few years.
someones pulling your leg biggeden mine won't open anytime soon
it's about 20mins from childers
colton on the other hand well http://www.northernenergy.com.au/
Good luck with your offers I don’t think anyone would take $60,000+ off there home as they probably owe more then 240k or have there own money tied up in the place.
only 2 real choices in this situation letter drop in unadvertised houses not listed for sale or maybe private sale although I find a lot of private sellers have high expectations. or engage the services of a buyers agent they are well worth the fee.
