Great news for Alpha, Emerald and the Galilee Basin. GVK are talking with banks and financial closure in a years time. Coal production likely to start in another 1-2 years after that.

http://www.financialexpress.com/news/gvk-in-dialogue-with-banks-to-fund-10billion-hancock-project/1217663

GVK – talking with banks and financial closure in a years time…

http://www.financialexpress.com/news/gvk-in-dialogue-with-banks-to-fund-10billion-hancock-project/1217663

I've often wondered about the title of that book and dismissed it as being too good to be true. If you read the ATO ruling, it says that whilst each case must be judged separately, if a reasonable person thinks a tax advantage has been obtained, then they won't allow you to do it. Did the book say anything about that ruling keenan031?

How easy is it to find tennants for these annexed units / houses? Since privacy may be a concern, it won’t suit a lot of people, so what is the demand like and who is the demographic?

Gilly61 wrote:
Hi Richard,
You said,….
"There is no easy answer to becoming financially free and it certainly won't happen over night.
Took me 10 years to build my portfolio and another 6 to have almost the entire investment debt repaid."
Would you be willing to share how you did this? So many strategies I see are – pay interest only and never…[Read more]

Your situation is similar to mine new2invest…. I have just purchased #2 and both properties were financed this way. I want to save up to spend some money on PPOR, which should increase it’svalue, so I can do another equity loan against PPOR in 2-3 years time. Our bank accounts now have several loans/accounts but at least there’s no cross…[Read more]

GVK Hancock Coal say high productivity and low costs are the reason they'll continue, regardless of market conditions….

We need to talk about Kevin

Trent, there's no denying the Chinchilla market is currently up but so was Emerald, Moranbah, Port Headland and Gladstone 12 months ago. I have an IP in Emerald and whilst Emerald and Chinchilla are not necessarily reliant on the one single industry, the effect of one industry can impact the market. When employees and contractors left Emerald last…[Read more]

Great read Freckle! Whilst we all agree capital expenditure has peaked this year and China's demand has slowed, page 23 reads, "severe production constraints in Australia led to a sharp price increase in CY11". I wonder what would happen if the AUD drops to 70-80 US cents and we have another summer of floods like 2011? From page 24, "Future supply…[Read more]

I don't think you can compare the two, (Surat and Galilee Basins), since they are different industries, (gas vs coal), at different stages/cycles, requiring different work forces. Whilst coal has seen to be dependent, (especially of late), on it's price as a commodity and perceived demand, gas is still in it's construction phase, so the real…[Read more]

I have signed a contract on an IP in North Lakes due to it's huge growth drivers. Whilst it's a Stockland master planned community that hasn't seen much CG over the last 10 years due to the land releases, they only have 1000 blocks left now, which is about 2 years worth at their rate of about 500 blocks per year. Complimenting Westfield North…[Read more]

foxyleemoo… Try QGC's website to get an idea how their 9000 strong workforce is currently being utilised, along with with progress updates to the first LNG in 2014 and the local councils for your information. Whilst they'll be still be sinking wells for quite a while, it'll be a gamble as to whether supply will then outstrip demand after the…[Read more]

Matt39… Your DD needs to include research from this forum https://www.propertyinvesting.com/forums/property-investing/help-needed/4337447 and looking into the workforce numbers…. If you take QGC as an example, they currently employ about 9000, with a large proportion involved in construction along with a lot of contractors. Whilst there's no…[Read more]

http://www.couriermail.com.au/news/state-government-approves-gina-rineharts-6b-alpha-coal-mine-in-galilee-basin/story-e6freon6-1226371241925Gina Rinehart is now the worlds richest woman…. We knew this project was coming but great to see it's official. I'd imagine that will put more pressure on the Emerald market…

shawnfromsydney wrote:
why has property gone up by over $450K in just 10 years in Gladstone?I just cannot see why….can somebody explain this to me?

shawnfromsydney… Cmon buddy… You seriously don't know?…. Why are crappy little old houses fetching up to a million dollars in Moranbah and earning $2000-$3000 a week in rent….. The same…[Read more]

Aviator77 wrote:
Has anyone had a look at property in Emerald of late? Its almost impossible to get any decent investments there. Its like the demand has outstripped the supply and they are not producing enough residential housing to accommodate this demand. Your thoughts on this situation Josh?

I have just got finance approved for a unit in…[Read more]

I'm sure those of you following this thread would have seen this about Australia's biggest coal mine…  http://www.news.com.au/business/miner-mapping-out-new-outback-town/story-e6frfm1i-1226270256096Adani's plans are in the initial statement advice http://www.deedi.qld.gov.au/cg/resources/project/carmichael/initial-advice-statement.pdf The…[Read more]

I'm a corporate travel manager and we struggle to find motel accomodation during the week for our clients in Mackay, Emerald & Gladstone, (especially last minute where you call 25 places and still can't find anywhere). Moranbah is booked out for 4-6 months ahead and it's hard to get mid week accomodation in Dalby, Chinchilla & Miles. Some…[Read more]

Gotta say thanks to Josh for this topic as it's been invaluable. I'm in the process of purchasing through Josh, a unit in Emerald that's due to start construction shortly. Can't wait for completion since I'm sure Emerald will keep booming this year. The hard thing will be to decide whether to get another CF+ property in Emerald or try elsewhere.…[Read more]