All Topics / General Property / MOUNT ISA RESOURCE BOOM SPELLS PROPERTY BOOM

Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of reelygood1reelygood1
    Participant
    @reelygood1
    Join Date: 2005
    Post Count: 65
    May 21, 2006 - 11:15 pm

    HI ALL,
    HERE IS A LINK TO AN ARTICLE FROM TODAYS COURIER MAIL WHICH I THINK IS INTERESTING.
    FORUM READERS WHO HAVE PROPERTY IN MOUNT ISA OR THINKING OF PURCHASING IN THE AREA WILL FIND IT AN ITERESTING READ. http://www.thecouriermail.news.com.au/story/0,20797,19209625-3122,00.html
    DON

    djr

    Profile photo of bruhambruham
    Participant
    @bruham
    Join Date: 2003
    Post Count: 189
    May 25, 2006 - 11:04 am

    G’day reelygood1,

    Just read my share news about Australian Gas Light Co. ( I hold AGL shares).
    They joined forces with CS Energy of Qld.
    Together they’ll up grade the Mica power station in the Mount Isa area. The cost is between $150 – $200 million dollars.
    Due for completion in 2010.

    Might have to have a look at Townsville and surrounding areas.
    I should have bought into Townsville years ago.

    bruham.

    Profile photo of reelygood1reelygood1
    Participant
    @reelygood1
    Join Date: 2005
    Post Count: 65
    May 25, 2006 - 9:13 pm

    Hi Bruham,
    Just made an offer on another property in Isa, should know today, did read that article myself, their is so much going on in Isa, can’t see any downside. We had one of our properties in Isa valued last month which we bought 8 months ago for $165,000, bank valuation $210,000. Vacancy rates are nil.
    Don

    djr

    Profile photo of js2js2
    Member
    @js2
    Join Date: 2003
    Post Count: 758
    May 27, 2006 - 8:44 am

    What is making the demand in China and India?

    **********
    Interested in Joint Venture Reno Projects

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.