Mining towns

[Monty Burns]

http://www.news.com.au/business/breaking-news/queensland-government-to-build-900-homes-in-mining-towns-bligh/story-e6frfkur-1225897048858

I hope no one is looking at Buying in qld mining towns.

Looks like the price and rent returns
Are set to drop if they go ahead
With the planned building

 

[james_w]

hmm not good just trying to figure out where 25 hectares would be in b/water

going to be some unhappy campers

then again still a few cheapies around

http://www.realestate.com.au/buy/pr...ist-1?preferredState=qld&activeSort=price-asc

alot of land out that way has tribal claims that is vacant

 

[Aaron Sice]

900 homes?

in QLD?

it's a nice token gesture for the election, i guess.

 

[Risky Business]

That's not very nice of them. I wanted big rent forever. I guess I'll have to put it on a truck and move it out to Alpha.

 

[Icarus]

You laugh, but that's exactly what happened in Blackwater a few years back! A heap of the houses in town were moved out to Biloela and other areas around CQ as mining had a big downturn and there were too many empty houses there.