Northern Qld

Viewing 5 posts - 1 through 5 (of 5 total)

skidaveski
Member
@skidaveski
Join Date: 2003
Post Count: 8
February 16, 2004 - 12:15 pm
So what do we think of Mount Morgan (33kms from Rockhampton) and Ingham/Halifax areas( Hinchinbrook district) in Northern Qld?
Indifference
Member
@indifference
Join Date: 2004
Post Count: 24
February 16, 2004 - 12:22 pm
I used to live in Innisfail once upon a time… not to far from Ingham and I only know this:
The sugar industry is feeling the pinch and the Aust/US freetrade agreement did nothing to help. The area is predominately primary producers – sugar cane growers. From an economic standpoint I would be cautious.
Then again I know 5/8 of stuff all. That is just how I see it. I have heard of Mt Morgan but that is about it…
******
…emotion clouds good judgement but is a defining element of character.
melbear
Member
@melbear
Join Date: 2003
Post Count: 2,429
February 17, 2004 - 2:23 pm
there’s been a little discussion about Mt Morgan in some of the Rocky threads and some others. If you do a search it should come up.
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=5759&SearchTerms=Morgan
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=6512&SearchTerms=Morgan
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=5691&SearchTerms=Morgan
Most are against, but Qld 007 seems to have bought many there in the last 6-12 months.
Cheers
Mel
Esther Tan
Participant
@thewizard
Join Date: 2003
Post Count: 32
February 18, 2004 - 5:28 am
I have just returned from a 1 month holiday up to QLD to Cape Tribulation. Spent a couple of nights on Hinchinbrook Island and went through the Ingham and Halifax areas.
It depends what your looking for. Do you want a positive/negative cash flow property ? I would check out the area for yourself and see if you think it would make a good investment.
As for me I don’t think that there is enough infrastructure at this point in time. It’s abit too quiet for me and you might have trouble getting tenants.
Adrian Cahill
Participant
@adriannqld
Join Date: 2003
Post Count: 128
February 18, 2004 - 9:22 am
Dont know about Mt Morgan but what these guys are saying about ingham/halifax is spot on. Halifax is lovely have a young mate living their. however like most young locals up there he is trying to get work in Townsville or Cairns. Numerous/most locals and R.Agents have expressed concerns for Ingham. Halifax however have a 2nd asset, their beach. Prices have jumped in the last yr on most beachfronts betweens TSV & Cairns. i would like to buy beachfront aswell but perhaps closer to Cairns. but this is just my opinion, happy investing
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Here since 2002, however things have evolved over the years.