All Topics / General Property / investing in mining town

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  • Profile photo of pottsypottsy
    Member
    @pottsy
    Join Date: 2011
    Post Count: 1
    April 23, 2011 - 6:00 am

    any potential problems with investing in mining towns?

    Profile photo of N@thanN@than
    Participant
    @n-than
    Join Date: 2010
    Post Count: 241
    April 23, 2011 - 6:57 am

    Hi wnorman,

    Yes normally mining towns are more risky hence the higher yeild. If you search through previous threads on here you will surely find plenty of information regarding mining towns.

    Nathan

    Profile photo of ALF1ALF1
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    @alf1
    Join Date: 2011
    Post Count: 237
    April 23, 2011 - 10:54 am

    Investing in areas that are property plump are great for investors whilst a resource boom is on. If it slows or turns south or simply dries up and the mining company pulls the pin, who's gonna buy or want to rent your IP? Timing is critical of when to buy and when to sell.

    Profile photo of cuteyoungchiccuteyoungchic
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    @cuteyoungchic
    Join Date: 2010
    Post Count: 66
    April 24, 2011 - 12:06 am

    There needs to be plenty of other types of industry in the area for there to be no risk.

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