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To all contributors, its great to see so many people interested in the Bowen Basin and see all the positive comments.
BuilderBob,
I would like to clarify an earlier point you made, your 'lazy' comment re: the Elders girls. Just to confirm with you that Elders have been in Moranbah for many years and are opening an office in the next week, they don't need to drive out there like other agents. Elders are only 1 of 3 agents actually based in Moranbah so I defend the lazy comment as I know the business personally.More positively, all comments seem very well informed. Moranbah is an extremely tight market with all the job creation associated with the new mines and expansions. BMA's employment agreement released around 6 months ago started it all with employees/families having greater access to housing rental assistance. Rents are currently starting around $800pw, if you can get a vacant property. Capital prices are rising as companies are buying up to house their staff due to the shortage which wil be around for 12 months before new stock comes on line from the recent land release.
Happy investing, my guess is Moranbah will be good for years to come given the mining company spend pipeline.
