its about the Issac Shire council giving green light the for Dysart to expand with 50-60hectares of residential lots. how many houses can you put on that amount? and what do you think is the impact to the property market there as i’m researching to buy there, although its very hard to find anything to buy there.
according to realestate.com.au there are currently about 300 houses for sale in Emerald, and the 2006 census states there are 4500 private dwellings. we have to wait for the 2011 census, but with those figures 6% seems a bit high of available houses for sale, considering the sqm data as well. I’m no expert, if someone can clarify this info, i would appreciate it,
thanks
according to SQMresearch, there are 122 properties that have been on the market for sale for more than 2months in Emerald. there are some that have been on since 31st of March 2009!!! what is going on?
I'm a babe investor with my previous investments, i have not done much research, this time i committed to do a good amount of research. thanks for your comments.
Hi again Shoooshoo – good to see you are doing your research upfront that is a wise decision – you said in another post you wanted to find the next Dysart or Moranbah well here is a tip – what were they like 6, 12 or 18 mths ago – would you have invested in the towns back then? You need to have some foresight and be prepared to back your judgement – there is also the case of going overboard and suffering from analysis paralysis
cheers
hahaha Analysis Paralysis…yeah you are not the first person to say that to me!
THis is exactly what i’m trying to do , see them 6-12months ago before they boomed, find out the causes and trends of what took it in that direction, and i have read every single post on this forum topic over a couple of weeks, and some trends that i have picked up, is towns where rents are increasing, which in effect create capital growth. these have been mining towns, moronbah, number one, then dysart, 2, middlemount, and blackwater, are more minor from my understanding. looking at the map that coalstar has linked:
Hi There,
I’m a new investor and was looking at Blackwater & Emerald as the rental returns are very good. It worries me that these towns very much depend on the mining industry and I’m scared that if something goes wrong, they will end up being ghost towns. however I’ve noticed that Blackwater has a Woolworths which is a positive sign as Woolworths would not invest in a town if it wasn’t worth it.
Has anyone outhere got any leaks on the future of these towns like projects that will be happening etc…
I’m a babe investor with my previous investments, i have not done much research, this time i committed to do a good amount of research. thanks for your comments.
I can only think of one thing to say at this time and that is you can find a million reasons not to invest in an area or you can look for the one reason to invest in an area – Its really up to you
It looks at the harmful effects of gas drilling through the process called “fracturing” a hydraulic drilling process also called fracking. In the Documentary it uncovers that what comes out of the ground with the gas is harmful as it effects the water polluting it because of the fracturing process. The filmmaker travels across 32 states in the US to meet rural residents on the front lines of fracking. He discovers toxic streams, ruined aquifers, dying livestock, brutal illnesses, and kitchen sinks that burst into flame
Just curious is this happening in central queensland in the surat and bowen basin as well?
Having a look at REIQ.com.au suburb/town profile, Emerald's property prices have been flat since 2007, after great gains between 04-07. The flat period concerns me abit.
i'm also looking at mining towns, and i asked my broker and he said it doesnt matter where it is, as my lender , BankWest, is not postcode specific…beauty!
according to the governement website, it is currently under Environmental impact study EIS, not sure when this will be completed. it is supposed to expand the workforce from 100 to 600