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Hello Forum
With all that has happened in Moranbah and other mining towns in recent months I am wondering what the forums opinion is on what role Investment Groups and Investment Spruikers have played in the events in Qld mining towns buying and rent increase frenzy .
Are Property Investors, Property Investment Groups and Property Investment Magazines their own worst enemies?
I am aware that Dymphna Boholt’s – Real Estate Success Graduates have been quite active in the area, As has Helen Collier Kotev’s from Real Estate Wealth . Sam Saggers from Positive Real Estate came out recently and said he had been advising his clients Not to buy since late last year (2011).
Wondering what experiences you have had and who else has been either recommending or Not recommending the mining town investment strategy.Yes I think the groups have had a lot to do with the prices going up, because the market is so shallow. If you promote a small region to hundreds of people who rush in at once, it creates a disaster later on.
Back in 2010. 2011 DB heavily promoted mining towns, now a lot of old students are going bankrupt. While the going is good they will support you and spruik regions, when it goes bad they won’t be able to help you.
