A good friend of mine has been in the process of arranging finance to purchase a property in the town of Emerald, Qld. To take advantage of Gina Reinhart's new mining venture in that area. He rang me today laughing and said the house he was interested in is now in a new street 500m away because of the floods.
There is obvious risk investing in mining towns. Alot of due diligence necessary before purchase.
A good friend of mine has been in the process of arranging...
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