It is lucky you've taken note of the importance of structuring your portfolio. Most of us don't bother untill it is too late and by then it can cost you thousands, or the alternative is a stunted portfolio. We made that mistake and I would not want anyone to make the same mistake, specially as this advise does not cost you…[Read more]
I agree, stay away from mining towns. They can shut down overnight and you are left with a useless investment.
Remember the old saying: "Positively Geared can be Positively Dangerous!"
Purchasing positively geared properties in remote mining towns is great but it is fraught with great danger. The mines can suddenly shut down for any number of reasons and you're left with a worthless investment. Do your due diligence before you decide on investing in one of these places.