There was a time where Emerald was one of the fastest growing areas in Queensland. With demand completely outweighing supply of housing we saw rents in excess of $700 and zero vacancy rates. It was an investors dream that offered positive cash flow and strong capital growth with a diverse industry of mining, retail, construction and agriculture. 12 months ago it was said there were 49 coal mines in the area which will provide jobs for at least the next 50 years.
What has happened in the last 12 months? There have been numerous developments approved in the area, a lot of infrastructure has been established in an attempt to stimulate further growth. What effect will falling commodity prices and the so called "end of the mining investment boom?" What about the slow-down of the Chinese economy? Is there still a demand for our resources?
Furthermore, what will happen to the property market in Emerald in the coming years? Is this just the bottom half of a constantly changing property cycle or will we see further diminishment in consumer confidence leading to nightmares for property investors in Emerald?
I would like to throw this topic into the ether and generate a good conversation about the future of Emerald?
What has happened in the last 12 months? There have been numerous developments approved in the area, a lot of infrastructure has been established in an attempt to stimulate further growth. What effect will falling commodity prices and the so called "end of the mining investment boom?" What about the slow-down of the Chinese economy? Is there still a demand for our resources?
Furthermore, what will happen to the property market in Emerald in the coming years? Is this just the bottom half of a constantly changing property cycle or will we see further diminishment in consumer confidence leading to nightmares for property investors in Emerald?
I would like to throw this topic into the ether and generate a good conversation about the future of Emerald?