iron ore price increse, page-3

Just my thoughts....

Are iron ore price increases good for FDL???

.....yes I guess so.

But I try to look at it from a different perspective.

FDL= first time property developers

I see FDL as a first time property developer who is looking to build 200 new homes on a nice block close to infrastructure,schools etc.

They are in the process of submitting the Development application into council which will take 6 months to approve.

So while they are waiting, houses in the area have jumped up 50% this year, making their project more attractive, however until they get the DA through council, build the houses and start to sell them they really dont know what the end sale prices will be.

Council may be annoying and ask them to do extra things that cost more than FDL realised...... or maybe the land they were going to build on is full of salt and not a good building foundation for the project.

I hope some can relate the above to iron ore prices and FDL.

Cheers