Mackay- latest real estate insight

If you are still sitting on the fence about Mackay, the following links will give you a better insight. Longer term holds, would be the best option,as future growth is not going to stop anytime soon. The property market has seen a slight correction,due to the slowing resources sector, but stabilty is still the key word here. In my opinion, now would be the best time to get into the market, in time for the next cycle to start. Council is also ramping up its tourism sector, an area highly neglected during the mining boom. All in all, still one of the most attractive investment areas in Qld, and never to confused with the boom and bust western mining towns, or the volatile tourism mecca's of Cairns and the Gold Coast..
The following are direct links to the local news.

http://www.dailymercury.com.au/news/home-sales-pause-amid-vote-nerves/1996150


http://www.dailymercury.com.au/news/coal-bounces-back-pre-flood-financial-crisis-highs/1994164
 
http://www.dailymercury.com.au/news/investors-win-rates-case-against-mackay-regional-c/2244525/

Saw this on the TV news tonight but it was a bit light on detail (just like the URL). Anyone have any more info, and whether the ruling might extend to other councils?

From the link.................One of their arguments was that the council increased rates based on an individual's financial circumstances, rather than the value of the land itself.............

Incredible if true. I wonder if the financial circumstances relied upon was based on hearsay or how many investments a person (or entity) own in the municipality and a subjective appraisal of "wealth" was made. :rolleyes: :cool:

Maybe they are setting the tone for the debt levy on a local government level
 
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