JacM wrote:
Not to rub salt into the wound, but it's been said for some time that investing in the tourism sector is dangerous.  Perhaps don't buy another one in the area!

"They" say don't invest in Tourism towns, don't invest in mining towns, don't invest in regional towns, don't invest in inner city apartments……and the list goes…[Read more]

You must have done reasonably well from it Richard, you would have been buying back when places were in the sub $50k range?

What are your thoughts on the place at the moment?

Have you heard anything recent or concrete regarding the mine reopening?  We bought a place there in 2004 and still own it. The mine was supposed to be re opening "soon" back then, and nothing seems to have changed yet. I know the company looking to reopen it had gotten a fair way into the process when the GFC hit and it seemed to get put on the…[Read more]

I live in Gladstone, having moved here a bit over a year ago. We bought a house at the time and indicators then were that a massive boom in house prices and rents had just peaked and was starting to ease back. As mentioned above by other posters, there had been a major shortage of housing for some time and the old supply/ demand laws were very…[Read more]

I read a book a while back which was the biography of one of the richest men in Japan. His start happened when he hunkered down in his underground bunker as Hiroshima was being bombed. As soon as he could he started buying land and then held it and waited for stability which eventually came and he made squillions…….There is always the…[Read more]

G'day Nepash,Sounds like you're already well on your way to getting things happening.Something to bear in mind (and you have probably already done this), but have you put together a feasibility on what you want to do?Certainly worth doing so you can work out what sort of profit, if any you are going to make out of it at the end. Before you spend…[Read more]

A good start would be to get in touch with a couple of local town planners (can be found in the phone book). Give a couple of these a ring and outline what you want to do and ask them about their service / fees. Often there is a fee to do an initial appraisal on the place and then they can outline a cost structure and plan for managing the process…[Read more]

Hi all,Great info all round on this site…We are currently looking into Ipswich area subd's (1 lot into 2) and have done quite a bit of research on the area and into council guidelines etc…Just wondering if any one else has any tips / experience in this location, as the subdivision angle is fairly new to us (have always followed the buy and…[Read more]