Hi guys,
saw this article
http://www.cqnews.com.au/story/2012/02/22/millionaire-buying-up-mining-town-bit-by-bit/
about a Sydney business man buying up houses in Dysart… was wondering if anyone knew who this guy is? and if he is still buying up after Norwich Park?
thanks for your help, this is a great resource for investors, well done!
HJBH wrote:Hi guys,saw this article
http://www.cqnews.com.au/story/2012/02/22/millionaire-buying-up-mining-town-bit-by-bit/
about a Sydney business man buying up houses in Dysart… was wondering if anyone knew who this guy is? and if he is still buying up after Norwich Park?
thanks for your help, this is a great resource for investors, well done!
Hi, the largest holding i can find on RP Data in one name, based in NSW shows 12 properties. Not to say there’s not more in other names. and FYI there’s no purchases made in that name in 2012. They nearly all appear to be highsets also.
Another company name owns 8 in Dysart, based in NSW. these were all purchased on 2006/07.
I hope this quenches your curiosity as to what some big movers in Dysart are doing.
Hi everyone. I live in Perth and so flying to Dysart, Mooranbah and surrounding areas took a bit of organizing (not to mention sleeping in my rented Hyundai Getz in Mackay airport the night before flying home) because there was no accommodatiion for weeks.
This was approx 4 months ago. For what it is worth ( and only my opinion), the situation now seems vastly different from what I found.When I was in Mooranbah there was a "frenzy". Sign now or it will be gone this afternoon…. and it was !!!
I came home empty handed and disappointed but enlightened. Was hoping to have found something that was special. Talk to the council in places such as Mooranbah. I did and I left with the clear understanding that the good times were about to come to an end.
Congrats to people who got in and made serious money, but this area needs serious thought if you are buying something and RELYING on the hope that present rentals arel sustainable.
At that stage there were 7 properties for rent in Mooranbah. Now there is 150. !!!!!.. check out realestate.com
Wish you well. At least I got off my sofa and had a look for myself.
HJBH wrote:Hi guys, saw this article http://www.cqnews.com.au/story/2012/02/22/millionaire-buying-up-mining-town-bit-by-bit/ about a Sydney business man buying up houses in Dysart… was wondering if anyone knew who this guy is? and if he is still buying up after Norwich Park? thanks for your help, this is a great resource for investors, well done!The answer is YES and NO and its not me! Why do you ask?
And Josh – This guy is smart he runs more than one entity
It appears as though one wages dispute may be resolved. However, this is only the one with Wesfarmers, not the big one with BMA.
http://www.cqnews.com.au/story/2012/06/20/pay-rise-seals-the-deal/
Hi Everyone,
for those that are following my blog, I have updated my opinion piece on Moranbah here…
http://ppiqldtour.blogspot.com.au/2012/06/fastest-growing-municipality-in-country.htmlThats great thanks Josh, a very interesting read.
Josh,
I have been told rental prices are starting to grow already after speaking with some local estate agents.
Geting $1300 for 3 bedroom units/houses and $1600 for 4 bedrooms right now (not rented out to BMA) and the BMA strike discussions with the unions are still not resolved?
With the market demand slightly down now due to these strikes, flooding issues a while back, all coupled with the fact that families looking to sell up while the market was hot was creating an over supply of housing…… would you assume that now might be a good time to buy in a market like this before all of the strikes are completely resolved and the prices start to soar again?More fast food outlets for the mining regions
http://www.cqnews.com.au/story/2012/06/27/food-is-about-to-get-fast/
I'm not too sure how they will go with getting staff.
Hi everyone
I have some very interesting and detailed stats (CMA Report) on the Moranbah rental market as of June 22nd if anyone is interested.
I was going to post it on this site but decided not too. Some of you could own the houses listed and may not want to have it displayed for all to see
I am happy to forward onto anyone who would like to see this.
Cheers
Dubstep wrote:More fast food outlets for the mining regions
http://www.cqnews.com.au/story/2012/06/27/food-is-about-to-get-fast/
I'm not too sure how they will go with getting staff.
It's interesting to see these towns such as Emerald really start to expand off the back of what is happening in CQ at the moment and what is going to happen down the track. In relation to the staffing issue, Emerald being an established regional 'hub' isn't so exposed to the same issues as the smaller mining towns such as Moranbah and Dysart. Although, the cost of living is still high. The rental market in Emerald was booming along about 6 weeks ago but has softened in recent weeks. Should only be short term until demand soaks up supply. The projected population growth for Emerald and the whole region is staggering!
Aviator77 wrote:Josh,I have been told rental prices are starting to grow already after speaking with some local estate agents.
Geting $1300 for 3 bedroom units/houses and $1600 for 4 bedrooms right now (not rented out to BMA) and the BMA strike discussions with the unions are still not resolved?
With the market demand slightly down now due to these strikes, flooding issues a while back, all coupled with the fact that families looking to sell up while the market was hot was creating an over supply of housing…… would you assume that now might be a good time to buy in a market like this before all of the strikes are completely resolved and the prices start to soar again?Hi Aviator, Josh and everyone check out this video clip on Moranbah http://www.property4profit.com.au/hotproperty/moranbah/ (its a sales page) – but the info about the town, the mines and upcoming projects is great but would anyone buy into the 30 to 80 unit – 3 story blocks that this guy is selling? Aviator I am also thinking the market is about to turn and its time to buy but I would focus on Small projects of 3 to 6 townhouses as opposed to the big unit blocks or single houses both new or old as in my opinion they are still too pricey for me and smaller new projects seem to offer better value.
I was also speaking to a builder up there who tells me he has a number of small time developers that need presales in order to secure finance and get the jobs going, I'm thinking they might be becoming a bit more flexible on price these days and I like the thought of buying off the plan and then having them ready for early 2013 in anticipation that all the dramas will be resolved by then – Like you Aviator I can sense opportunity knocking. What are the forums thoughts?Hey Josh,
I am looking at purchasing my second investment property. The first was bought in June 2010. It is a converted warehouse apartment in Chippendale, 2km from Sydney CBD. It is 50sqm, has a large full bathroom, a lovely leafy private courtyard and over 800sqm of a common landscaped rooftop with city skyline views. I plan to convert the 50sqm into a 1-bed (currently it is technically a studio) for instant equity. Other units that have done this have sold for 500K+.
The second purchase I am considering is a House & Land Package in Beaconsfield, Mackay. The location will be on Cnr Beaconsfield Road & Mansfield Drive. The land cost is 155K for 307sqm and the house, which will come fully tenant ready costs 284K. A total of 439K. The house will be 3-bed, 2.5-bath, double garage.
Construction will take part with Murphy Builders.
I was hoping for some feedback regarding:
-Location
-Price
-Building companyHas anyone used, heard about, or seen any of Murphy Builders products? What do you think about the location? And finally, price?
Any advise, feelings, thoughts is much appreciated, particularly as I am not familiar with the Mackay area.
Many thanks!
DanniK
Hi DanniK
Mackay is a great place to invest, however land prices have gone up considerably over the last 7 months which has seen H&L’s go up a bit overall, its time to shop for good value in Mackay, not just take any property as a good investment. The land sounds on value to me however as a stand alone block, I would say it is too small. The house package does not sound good value however, last week we put together a 450sqm block in Beaconsfield with a 190+ sqm house full rendered brick, full air-conditioning, and turn key for tenants (4x2x2) for $469,000. The land was $200,000. So the house was as much as yours yet bigger and probable better inclusions being rendered brick?
Contact me if you want more details on my email address below.
Have a great day!
DanniK wrote:Hey Josh,I am looking at purchasing my second investment property. The first was bought in June 2010. It is a converted warehouse apartment in Chippendale, 2km from Sydney CBD. It is 50sqm, has a large full bathroom, a lovely leafy private courtyard and over 800sqm of a common landscaped rooftop with city skyline views. I plan to convert the 50sqm into a 1-bed (currently it is technically a studio) for instant equity. Other units that have done this have sold for 500K+.
The second purchase I am considering is a House & Land Package in Beaconsfield, Mackay. The location will be on Cnr Beaconsfield Road & Mansfield Drive. The land cost is 155K for 307sqm and the house, which will come fully tenant ready costs 284K. A total of 439K. The house will be 3-bed, 2.5-bath, double garage.
Construction will take part with Murphy Builders.
I was hoping for some feedback regarding:
-Location
-Price
-Building companyHas anyone used, heard about, or seen any of Murphy Builders products? What do you think about the location? And finally, price?
Any advise, feelings, thoughts is much appreciated, particularly as I am not familiar with the Mackay area.
Many thanks!
DanniK
fingerscrossed wrote:Hi everyoneI have some very interesting and detailed stats (CMA Report) on the Moranbah rental market as of June 22nd if anyone is interested.
I was going to post it on this site but decided not too. Some of you could own the houses listed and may not want to have it displayed for all to see
I am happy to forward onto anyone who would like to see this.
Cheers
I’m new to the forums and don’t know how else to contact you, but I would be very interested in seeing the CMA Report, if you don’t mind sharing. I’m in the early stages of researching mining towns but I have to say after a trip there earlier this year, demand was high and I held off buying for a number of reasons. I now see it was a good move, given back then there were 2-3 properties whereas now, countless….. appreciate your time.
Hi Mr Prop.
Give me your email address and i will forward a copy onto you. I received an update only yesterday so info is as current as you can get
Hi fingers crossed. My email address is [email protected] can you also send me the report please.
fingerscrossed wrote:Hi Mr Prop.Give me your email address and i will forward a copy onto you. I received an update only yesterday so info is as current as you can get
Hi Fingerscrossed,
I have pm'd you a few times but haven't had an email yet and I would appreciate a copy of the report too.
Cheers
CathyFeasability study for Galilee Basin rail by Adani and QR National underway. And the media highlights commentators speculating that the resource boom is over. The mining companies don't think so. http://www.propertyobserver.com.au/queensland/rail-line-for-queenslands-gailee-baisin-mooted-with-feasibility-study-underway/2012070555410?utm_source=Property+Observer+List&utm_campaign=8c150268a8-July_6_20124_10_2012&utm_medium=email
moxi10 wrote:Feasability study for Galilee Basin rail by Adani and QR National underway. And the media highlights commentators speculating that the resource boom is over. The mining companies don't think so. http://www.propertyobserver.com.au/queensland/rail-line-for-queenslands-gailee-baisin-mooted-with-feasibility-study-underway/2012070555410?utm_source=Property+Observer+List&utm_campaign=8c150268a8-July_6_20124_10_2012&utm_medium=emailYep…regarding these mining companies, and as Terry Ryder correctly says, it’s very much a case of watch what they do not what they say.
In relation to the current climate it’d be interesting to see where we’d be if we didn’t have this ridiculous government in Canberra! Campbell Newman looks like he’s a man on a mission….those Queenslanders are taking the federal government to the high court over the carbon tax on constitutional grounds. Gotta love those Queenslanders they’ve got some ticker!
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