Does Homeside still ok with 90% LVR? What about Resimac like you said Sachin? Do they have inhouse LMI?

I prefer not to have LMI through genworth or QBE since they did not like Newman area for a loan around $750,000 anyway.

Thanks,
Billy

Thanks for sharing the info Shahin, 

However is that the only lender? Could LMI be an issue as well?

Heard in the news that China will most likely inject another round of stimulus. The last one they had back in 2009 was indeed very effective like a shock absorber. I believe this will have huge impact on coal and iron ore mining industry. So should be a good time to buy another property in CQ town. But looking from the past lesson, I guess it is…[Read more]

Just check this morning from realestate.com.au that Blackwater 3 bedrooms house now cost about $600,000. I think it was up by $100,000 in the past 6 months. Can anyone make suggestion as to why Blackwater price went up so quickly? I think most of people in this post predicting it should be emerald in a hot seat instead of other mining town.

Cheers,
Bill

Hi Gents,

I’m new to this forum but like to know about future of coal mining activity. Recently if you notice, there is a concern from coal mining companies regarding MRRT and carbon tax (refer to Financial Review today). It seems unfair for coal industry they got taxed 3 times as hard. Do you think it will drawback people to invest in Dysart or…[Read more]