Forum Replies Created
- reggie5005 wrote:G'day Josh
I am currently looking at properties in Chinchilla, would look forward to your thoughts and comments on this area.
CheersRod
hi Rod,
i’m also looking at properties in chinchilla, going towards a house and land package so far,but i heard there are dodgy builders in the area. Do you know a reputable builder in the area, i have heard of Matrix, but dont know if they are good or not.
coalstar wrote:if you buy house and land, furnish it, get a company lease for two years and you’ll get approx $800 a week in renthi Coalstar,
which area are you referring to?
Hi Jamesw82,
i believe the same thing happened in Moranbah, but there was minor impact? i believe the FIFO thing has minimal impact, because some will use it, some wont. this is all assumptions from readying this forum. i'm not looking at buying either in emerald or in chinchilla, house and land package, has anyone here used anyone they would recommend?
Thanks Guys! you are awesome
one question i keep wondering, is how can you tell if an area is going to be supply constricted? apart from looking at the current rental availability, and ringing the council to see what land releases are going to take forth in the future.
Portfolio PI wrote:Shooshoo…This is in direct reference to the coal production affected by floods at the start of this year. It does not reflect any long term positions by coal mining and isnt really an article that would affect property investment either negatively or positively really.
The coal mines are still catching up to lost production during and post floods which is hindering bottom line profits obviously, however it is nothing to be concerned about. Albeit lost money, it is not even an issue for these companies in terms of finances etc.
Hope this helps
thanks Josh!
Hi All, i’m new to this site, and new to investing in regional/mining towns. Over the last week, i have read this entire blog, all 350+ posts spanning 3years worth! I have cut and pasted many sections from it. It is very interesting to see peoples thoughts and what actually eventuated over this coarse of time. I have messaged Property Investor 1, and she has kindly replied to my questions very quickly, no doubt i’m accessing years of experience, so i’m thankful to her and to everyone here.
So you might wonder what brought me to this site? to cut the story short, a couple of years ago i made a few bad investment decisions (nothing that costed, just didn’t capitalize on the opportunities) and it has fuelled my soul to seek the truth on how to do things better. So i subscribed to the Australian Property Investor magazine for 3 years, i have been reading it now for the last six months. My ultimate goal is to have a good size portfolio, and from what i kept readying is that the investors who achieve this, usually do it by the following means. 1.they start really young, or 2.are developers, sell some and keep some, or 3, they buy, renovate to achieve a greater rental yield and hold . or 4, they purchase positively geared properties. SInce i’m in the capital city of Melbourne , which has the worst rental yield of 4.2%, this is pretty much almost impossible to find. Before readying the magazine, i never considered purchasing interstate, but after discovering the opportunities in the mining and regional towns, specially with the very attractive yeilds obtainable, I have gone crazy, trying to find every piece of information i can get! I’m not sure if i’m gutsy enough to go for a full on 100% mining dependant town (as i have a small portfolio of 3 properties) i find the prospects in purchasing in Emerald or chinchilla the way to go so far, but i have alot of studying still to do. So if anyone has any more information they can provide me, please notify me, thanks very much!
hi people , the Queensland coal mines have been mentioned in a news article in the age.com.au website, what are peoples thoughts? the article was about the interest rate.
http://www.theage.com.au/business/rbas-new-normal-on-interest-rates-20110719-1hmof.html
here is a portion of it :
And with that view, the RBA doesn’t see anything that looks like an interest rate cut. The dampening effect of our exchange rate, the flattening out of employment growth, the longer time required for some Queensland coal mines to get back into production, the supply chain delays caused by Japan’s disasters, the caution of consumers all add up to creating time for the RBA to consider the eventual inflationary impacts of the commodities and capex booms – not a reason to consider cutting rates.
