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Go to the Council website and download their city plan (Should also be available in hard copy at their offices). This will list the councils minimum lot sizes, and maimum unit density for your area along with other restrictions (Height, parking requirements etc). If this is a bit confusing you can always try calling the council Town Planning department to confirm what the real estate agent has told you (They won't spend too much time with you, but you might get lucky).
Be sure to check your understanding of the city plan with a licenced surveyor before you commit. Once you have an idea of what can be done on the land, you'll be in a better position to answer your other questions.
Rather than mining towns have you considered investing in the regional centres that serve these towns. With competition for staff in the mining industry getting harder a lot of mines are offering roster work on a commute basis (Either fly in, drive in or bus in from a major center). I'm thinking of places in Queensland like Townsville, Cairns, Mackay or the Capricorn Coast.
If you were to invest in types of property that are attractive roster workers (Newer low maintaince units close to all the action of the centre). While the rents may not be as high as the mining towns you a certainly better protected from a downturn in the resources boom (And it will happen eventually).
Buying a PPOR as a first homebuyer in Queensland. Does anyone know if it is possible to delay stamp duty until after the 1st of september when the stamp duty exemption for first home buyers will be raised from $320K to $500K? My settlement date is the 27th June (ie Would be trying to extend it a little over 2 months).
Does anyone know if the 3 month delay Michael suggested in Victoria would apply in Queensland, or is the relevant date for stamp duty purposes taken as settlement date?
Thanks for any help you guys can offer.
Will
