All Topics / Help Needed! / Moranbah minning town still growing ?

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  • Profile photo of bkim4270bkim4270
    Participant
    @bkim4270
    Join Date: 2002
    Post Count: 3
    August 31, 2006 - 11:49 am

    Hi everyone!

    I am thinking to invest in Moranbah, mining town because the yield can be around 8%. But the price is more expensive than ever. Do you think it will keep growing in the next 6 months ? Please advise!

    Profile photo of islandgirlislandgirl
    Member
    @islandgirl
    Join Date: 2006
    Post Count: 55
    August 31, 2006 - 11:09 pm

    Hi

    Why don’t you do a forum search for Moranbah. The topic has been discussed a few times recently and that may help you.

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544
    August 31, 2006 - 11:19 pm

    Hi BKim,

    Moranbah = a town of 8000 people singly reliant on coal. While coal and related resource sector is good Moranbah is good. When resource sector cools so will Moranbah.

    I would also question your six months time frame. Why the six months – are you buying and reselling?

    Property is a long term investment – a six month time frame is largely irrelevant in this asset class.

    Derek
    [email protected]
    The Investors Club http://www.monopoly.tic.com.au
    0409 882 958
    Skype – derekjones2113

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