- JT7 wrote:moxi10 wrote:Feasability study for Galilee Basin rail by Adani and QR National underway. And the media highlights commentators speculating that the resource boom is over. The mining companies don't think so. http://www.propertyobserver.com.au/queensland/rail-line-for-queenslands-gailee-baisin-mooted-with-feasibility-study-underway/2012070555410?utm_source=Property+Observer+List&utm_campaign=8c150268a8-July_6_20124_10_2012&utm_medium=email
Yep…regarding these mining companies, and as Terry Ryder correctly says, it’s very much a case of watch what they do not what they say.
In relation to the current climate it’d be interesting to see where we’d be if we didn’t have this ridiculous government in Canberra! Campbell Newman looks like he’s a man on a mission….those Queenslanders are taking the federal government to the high court over the carbon tax on constitutional grounds. Gotta love those Queenslanders they’ve got some ticker!
JT7 they’re taking the fed govt to court over the mining tax, not the carbon tax aren’t they?
JT7 wrote:moxi10 wrote:Feasability study for Galilee Basin rail by Adani and QR National underway. And the media highlights commentators speculating that the resource boom is over. The mining companies don't think so. http://www.propertyobserver.com.au/queensland/rail-line-for-queenslands-gailee-baisin-mooted-with-feasibility-study-underway/2012070555410?utm_source=Property+Observer+List&utm_campaign=8c150268a8-July_6_20124_10_2012&utm_medium=emailYep…regarding these mining companies, and as Terry Ryder correctly says, it’s very much a case of watch what they do not what they say.
In relation to the current climate it’d be interesting to see where we’d be if we didn’t have this ridiculous government in Canberra! Campbell Newman looks like he’s a man on a mission….those Queenslanders are taking the federal government to the high court over the carbon tax on constitutional grounds. Gotta love those Queenslanders they’ve got some ticker!
JT7 they’re taking the fed govt to court over the mining tax, not the carbon tax aren’t they?
powderfingers wrote:JT7 wrote:moxi10 wrote:Feasability study for Galilee Basin rail by Adani and QR National underway. And the media highlights commentators speculating that the resource boom is over. The mining companies don't think so. http://www.propertyobserver.com.au/queensland/rail-line-for-queenslands-gailee-baisin-mooted-with-feasibility-study-underway/2012070555410?utm_source=Property+Observer+List&utm_campaign=8c150268a8-July_6_20124_10_2012&utm_medium=emailYep…regarding these mining companies, and as Terry Ryder correctly says, it’s very much a case of watch what they do not what they say.
In relation to the current climate it’d be interesting to see where we’d be if we didn’t have this ridiculous government in Canberra! Campbell Newman looks like he’s a man on a mission….those Queenslanders are taking the federal government to the high court over the carbon tax on constitutional grounds. Gotta love those Queenslanders they’ve got some ticker!
JT7 they’re taking the fed govt to court over the mining tax, not the carbon tax aren’t they?
Doh! Yes mate, apologies mixed myself up, MRRT
And more news about Galilee projects…delays, but very ambitious projects with optimistic schedules requiring approvals from handicapped governments are inevitably late. http://www.dailymercury.com.au/story/2012/07/12/mine-jobs-backburner/
Heard in the news that China will most likely inject another round of stimulus. The last one they had back in 2009 was indeed very effective like a shock absorber. I believe this will have huge impact on coal and iron ore mining industry. So should be a good time to buy another property in CQ town. But looking from the past lesson, I guess it is much safer to invest in Emerald and Blackwater though rather than Moranbah or Dysart. Any thought on that guys?
Hi,
does anyone know if any lenders do a 90% lend in Blackwater – thanksCheers
AnneSethBill wrote:Heard in the news that China will most likely inject another round of stimulus. The last one they had back in 2009 was indeed very effective like a shock absorber. I believe this will have huge impact on coal and iron ore mining industry. So should be a good time to buy another property in CQ town. But looking from the past lesson, I guess it is much safer to invest in Emerald and Blackwater though rather than Moranbah or Dysart. Any thought on that guys?Yes, I think people don’t give China enough credit for their economic intelligence. The global economic community has little confidence at the moment and if you listen to the ups and downs of the market is very easy to get caught up in the negativity of it all. The fact remains the fundamentals remain very solid.
China’s global dominance and long term dynasties are historic……they’ve just had a couple of quiet centuries!
The Asian century? I think we’re in for a longer ride than that!
popelich wrote:Hi,
does anyone know if any lenders do a 90% lend in Blackwater – thanksCheers
AnneHi Anne, I think a good MB should be able to give you the answer.
There are a number on this forum.
Richard Taylor who is a prolific contributer on the forum operates in this area and is a very savvy operator. Perhaps shoot him a PM.
Richard’s in the process of financing a deal for me in this area that will proceed seamlessly I’m sure.
Hope this helps,
Jack
From my mb re WBC lending
Please find attached policy change that advises that the bank will use only 60% of rental income in
Blackwater
Moranbah
Dysart
May Downs
MiddlemountFYI I have exact copy of policy if anyone wants
Cheers
Janejadatom05 wrote:From my mb re WBC lending Please find attached policy change that advises that the bank will use only 60% of rental income in Blackwater Moranbah Dysart May Downs Middlemount FYI I have exact copy of policy if anyone wants Cheers JaneHi Jane,can i have a copy ,
Hey Jane,
I'd appreciate a copy too. Would you be able to send it to my profile address? Your profile says you are not accepting emails.
Thanks.
Prattman77 wrote:Hey Jane,I'd appreciate a copy too. Would you be able to send it to my profile address? Your profile says you are not accepting emails.
Thanks.
Me too, thanks.
Hi Everyone,
Now that everyone should start recovering from the headache of end of financial year (I hope you all had a depreciation schedule!), I’ve updated my blog (see link below) with some comments about the widely publicised view of the mining boom being over.
Again, just my thoughts. I hope you all like it.
Thanks again for everyone’s continued support and for all of your recommendations to your friends about our company. We have had some great success in delivering some amazing investment properties and outcomes to those that used our brokerage services last financial year. We look forward to doing to all again, even better we hope!
Cheers,
And then there is this . . .
Hey Dubstep interesting reading. Looks like Campbell Newman might be angling for a political or personal donation from Gina and the Indians to get the dam built.
Here's a new twist. Some potential tenents training for mining jobs.
http://www.dailymercury.com.au/story/2012/07/28/criminals-eye-mine-jobs/
Hi Moxi,
Good on them for trying to better there lives !
I guess there must be some angle to the Dam saga, I'm not sure what it may be, but this infrastructure is definately needed for the mining growth in CQ.
Hi guys
Sorry for the late answer to the question raised in relation to lvr in Blackwater but i have been up in Darwin at a Finance conference.
Yes Westpac have cut back their rental acceptance in many a post code.
In regards to lvr we can still get 90% lend in Blackwater and have been doing so regularly.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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