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motanihatim

244 Posts.

07/01/16

15:09

Post #: 16749255
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Originally posted by JACK ↑

I have been doing some research of late into various mining towns.
Things are appearing to have bottomed out in some towns.
House prices are low, rental returns are not to bad.
With all the bad press around re mining and all commodities at present, I really do think things may have bottomed in some areas.
The market will never go back to what it was, but it seem once this cycle in mining turns positive and commodity prices start to rise, so will the house prices and renal returns in mining towns.
One town I looked at before Xmas, had had 60 plus jobs advertised over the month of December alone, also it looks like two previous mines that had closed ( mothballed) etc are going to reopen for business this year.
It's all very interesting when you get down to the nuts and bolts of commodity demand, future markets, cycles etc etc.
It might still take a couple of years to start rising, even if house prices and rental returns only get back to a third of the boom time it still not a bad dollar.

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Thanks Guys

Jack & Dude, could you please give me your email ID if you dont mind?
I have few questions and wanted to check with people who live nearby as I am based in Sydney so its not easy for me to visit quickly
Thanks
Hatim
[email protected]
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