Ten Reeez, you are now our source of inside information !! I'm guessing you may be in Yunta or near there ? But seriously, I live in a small mining town in NSW that only has a population of 1000 people, but we have 4 coal mines within 25km of my house. In 2012 there was no mines. House prices have gone from $50k in 2012 to $250k now. We have just had another 10mtpa Coal mine approved this month that is only 12km away from here, and I love what it does for the local economy, industry, real estate (both rental and sales) and massively increases the social-economic status of the people that live here.
I love it so much that in the last 7 years we have bought 6 properties here. We rent 5 of them out and that bring in $80k rent a year, and we live in the 6th one. If you get in early and start investing in real estate before the mines open in your area, it will be the best thing you could ever do. I'm searching for my 7th property now, as the more mines that open, the more prices of houses keep going up and so does the rent.
Keep giving us inside information, love it
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