Hi guys,
Thankyou so much for your wonderful opinions,
You all have great points that I will be discussing with my hubby.
I do feel more confident about which road I will go down but there are a few little things that you pointed out that I will have to
take into concideration.
Maddog you are absolutely right, if china does put the brakes on buying a lot of people out hear will be in a spot of bother.
Tysonboss, thankyou,I like your thinking.
Devo, thanks again, you make me more confident with keeping them.
Our IPs are not in Blackwater but Rockhampton, 1 of the major towns 2 hours drive away and the social hub of Central coast QLD.
The rental market here is in such short supply  that both our IPs were vacant for only 1 week after advertising them.
 Freeman, Yeh it's hard to believe that the mines would spend BILLIONS of dollars if they wern't sure china and India were in it for the long run, but I guess they can always change their mind hey.
Hi Raelene, Yeh I saw that 60 minutes program too,
It is very hard to get into BMA out here but if you have your rear dump or belly dump tickets go for it, send them your resume, but be prepared to do something else while you wait, they don't rush into anything out here.
I have my rear dump ticket but I had to clean out at the mine for 6 months befor I got a break, but if your here and your seen it makes it a lot easier to be handy when they do need someone.
And yes the money is good and it's what made it possible for us to get into investing.
Hi runinniv, yes the prices of house here in the last 2 years has been spastic.
Houses were selling for about $60.000 a few years ago now sell at around $260.000.
But it has settled a lot in the last 6 months and they are starting to come down a little.
I don't think they will come down too much it's just they came so far so fast that they are doing a bit of leveling out now.
But as far as a nice town goes, you would be a bit dissapointed. We call it Bleakwater. But I don't think you could do wrong buying here as long as the mining boom lasts.
The last time the mines flopped out here it basically turned this town into a ghost town.
Thery were actually removing houses from here to take else where.
Just wondering????????
Does anyone have insurance that will cover there IP investments if they are unable to make the monthly repayments??
I have Landlords insurance but I wonder if there is anything our there that would cover you payment wise if a recession does hit???
Does anone know if there is something out there that would make your IPs recession proof insurance wise??
Sorry if it seems a stupid question.
Thankyou you all very much for you insights.
Kind Regards
Sunny