I have been reading about a new mine opening up early to mid 2010 about 20kms from chinchilla and miles in QLD
I am currently researching a few places for my first investment properties and was keen to hear anyones thoughts on blackwater (already established qld mining town) and chinchilla (getting in before the mine opens up)
Hi jmac26
I canot tell you anything about Blackwater but as a bilder I can tell you that Chinchilla has already started. There are billions of dollars being spent in the area.
Not only are there mines but the biggest single reserve of Coal Seam Gas is in the Surat basin.
Go to the following articles and you will get enough info to jump into the area today.
http://www.suratbasin.com.au/story/2009/06/25/mines-tea/http://www.suratbasin.com.au/story/2009/06/25/power-behind-explosion/
http://www.suratbasin.com.au/story/2009/06/25/wandoans-chance-speak-out/
These are just some of the artcles.The Surat Basin News will give you all the info you need.
Land in Chinchilla was $59,000 less than twelve months ago.
The packages I have out there now is on land that cost $100,000. The next release in the same estate is going to over $110,000.
House and Land packages will rise to almost $400,000.
My packages at the moment are $326,900 with rent of $410.
They are negative geared cash positive.The other area to look at is Bowen.
Regards
Kevin
[email protected]
041 0033 658
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