MICK, Sorry you feel that way about Real Estate in Moura, but have you really done your research?????? Check out my sales over the past 6 months, look really look and ask my happy clients when I have sold their property when the market was on the down turn, and lots of the communitiy looking at the doom and gloom, working all hours day and night to make sure the contracts have gone though from start to finish with lots of tears, frustration, turning to cheers and smiles, working with, getting to know my clients, its not all about a piece of paper and waiting for the settlement date and rubbing our hands for the commission (I work hard for may part of the commission THANK YOU I might add lol), its alot more then that, I work to help my clients get to were they want to go and reach there goals or onto their next adventure, and yes I could help you with your DA approved property ……..I have clients that might be interested
HAPPY DAYS Um Krissy, I had my lovely house listed with you and now with Hourn and Bishop for rent…nearly 6 months without a tenant now!!. Just quiet at the moment and lots of empty houses. It will pick up and we hope soon! I'm sure you all work very hard for your commison… stay in it as once it booms out there you will be rich! Fingers crosses for us all!
Belvedere won’t begin ground works till around 2012. Dawson North, which will employ an extra 100 employees wont make much of a difference. I really don’t see a boom in Moura for another 2-3 years…
I believe Blackwater has the most growth in in over the next ten years.
alot of houses for sale in Moura atm. Could pick up something under 200k with good negotiation. On the flipside, only about a dozen houses available for rent in Blackwater!
I like Bowen – good mix of possibilities and exposure to industry. Plus its coastal – inland cities don't seem to keep their alure, but all property owners love coastal towns. Bowen at less then 10,000 people (I think) and right on the GB Reef seems to have it all and ready to take off.
I had some townhouse info that I was looking at, that was due to start construction mid year….so pretty soon. I think the price was $380k for 3brm in the centre of town, which given the rents of 400-450 and not much on the market seems pretty good.
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Hi all,
interesting info to read, thank you all for you honesty.
Can i ask, how do you find data on how many rentals are available in a town or what the vacancy rate is?
I would like to do further research myself. I am a data person.
Also, in Moura, would it be more beneficial to spend a higher amount on a nice 2 bedda for 2 miners / out of towners to share or spend a little moreon a 4 bedder? I am just thinking that if Miners share accomm, would they want to share with 2 other miners, do they move their whole families there etc etc? I am thinking of demographics also.
Thanks in advance..
Pretty easy to find out how many rentals in a town. Just go to realestate.com and look at how properties listed for rent (check when available), then cross reference with the particular agents web site in town; i.e. lj hooker/gladstone for instance.
I’d be careful what I’d buy in Moura atm. Theres alot of properties listed for sale so you should pick something up for under 200k. It will def.pick up there but might take a couple more years (till belvedere start works on the 2.5bil underground mine).
Try and get a clause in your contract of purchase stating that the agent must get a lease signed at/or before the day of settlement. Make sure that your deposit can be refunded if settlement doesn’t occur. I done this in Blackwater a few years back when there was lots of rentals on the market and it worked for me.
Majority of miners in Moura are still staying in the miners camp.
I too am thinking a little about Olli's comments and the coastal towns. I am new to this so please excuse any ignorance. I can see that it is much easier to find CF+ properties inland within the mining sectors however if you are on an interest only loan plan while you might put $50 a week in your pocket. At the end of the boom you are left with a property worth little and the pricipal loan equal to what you paid? Thus it seems the benefit in these areas is the knowing when to buy and when to sell. This to me seems risky for $50 per week .. example only. Owe the other benefit of course being tax benefits however sadly many of us would be delighted to earn so much money that we should be seeking tax effective investments.
I am perplexed by the whole, debt to debt investment principals. While I understand the fundamentals, I am feeling with my learnings that I am better to stick to the basic principles. I save my pennies. I then invest my pennies in something that will return my pennies and some profit! Too simple? Seems hard to find!Anyway back to the coastal towns. I too am thinking that if I were to purchase in smaller coastal towns, say Airlie Beach or Bowen area, would I not enjoy the benefits of the miners wanting to locate their families in nice areas (only 1 – 2hrs drive from their mine). This way I take less risk as the property is likely to increase in value or at least maintain value in the long term. So it might be hard to find a CF+ property but even if I had to tip in a bit would this not be a better long term investment.
Owe,, is that the answer – long term vs short term investment… hmmm
But If I can buy land 'off the plan' in Airlie Beach area for $135,000.. that could be long or short term investment right?
Pennie for your thoughts..
I use the example of the Far Nth Coast of NSW (Balina, Byron, Kingscliff) the previous business communities were centred around Lismore, Grafton, Murwillumbah for cattle, timber and farming – now these towns are feeder towns for the coastal locations. Ballina itself a once small village <8,000 now probably the central town in the area. and prices (both rental and capital) in Byron…well that opportunity has long gone.
Airlie I am cautious – tourism, transiant population, small spread of industry. Bowen I really like – close to everything, future investment from all sectors (Abbot Point etc). It is like Mackay was 10years ago.
A decision like Xstrata putting their projects on hold due to Super Tax can delay jobs, delay investment – if this happened in a sole industry town then it would be like BHP pulling out of Broken Hill (exagg but you get the point). It would be interesting to see a 10yr graph of coastal properties prop prices in comparison to 50klms from the coast – I would guess constant growth as opposed to large volatility.
Aussie's love the water – it an emotional thing, which has an massive effect when buying anything..ask your g/friends & wives.If K-Rudd and his cronies get voted back in we wont have anything to talk about and Wandoan and the Surat Basin will be ghost towns, hopefulyy sanity will prevail and he will be gone.
My basic calcs indicate that a 40% tax on profits of projects that never eventuate = 40% of nothing???
HAPPY DAYS 
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