The Darling Downs is set to experience a gas bonanza after the approval of two LNG projects worth more than $20 billion. Supplied
THE Federal Government ushered in a new era for the Darling Downs yesterday afternoon with the approval of two gas projects worth more than $20 billion.
Sustainability Minister Tony Burke approved the Queensland Gas and the Santos-led GLNG liquefied natural gas projects, which together are expected to employ more than 10,000 people and inject $6 billion a year into the Queensland economy.
Mr Burke also imposed harsh guidelines on the treatment and management of water and salt, both unwanted by-products of coal seam gas production.
They are expected to cost the companies upwards of $20 million to implement.
The guidelines have gone some way to quelling the concerns of groups representing environmental and farming interests.
Coal seam gas will be piped from about 8600 wells in the Surat Basin, the coal-rich energy province stretching across the Western and Darling Downs, to LNG plants at Gladstone.
Chinchilla-based property developer Warren Daniells said the ensuing “gas rush” was expected to trigger unprecedented investment in Western Downs towns such as Chinchilla, Miles and Dalby.
“We’ve been waiting for two or three years for such a major announcement,” Mr Daniells said.
“Now that it’s here, I think the strong undercurrent of investor interest is going to bubble to the surface in the form of real investment and action.”
Both companies are expected to make financial commitments before the end of the year.
Production could start as early as 2014.
Thursday, October 28, 2010
Sunday, October 17, 2010
Rocket’s Private 10 Step Property Investing Action Plan
1. Set Goals
Know What you Want and WHY it is important to you.
Without knowing this, you may find yourself struggling to make
decisions and move forward. It’s great to want to be “financially free”,
but what would you do with that freedom? Make it real,
write your goals down, tell someone about them, get excited and
passionate and your success may happen a lot faster for you.
2. Make a Plan
Setting up a written plan for WHEN you want to achieve your goals will
put you ahead of the rest. By setting a time frame you increase the urgency
for taking action, instead of having it as a goal for “when I have time”. Making
a 5 or 7 year plan, with stepping stones of when you want to buy your
first or next property will increase your chances of actually achieving it.
3. Educate Yourself
By reading property magazines & attending seminars in the finance,
investment and property fields you will be learning the Basics about investing
and will stay up to date on the current and future market trends
4. Know Your Numbers
Understanding the numbers or having someone help you with this is of vital
importance in property investing. It’s not just about how much you can
borrow but also about cashflow (how much will the property cost me to
hold on a weekly basis) and how to understand rental yields and return on
investment in the long term.
5. Build Relationships
You will need a team around you to be a successful investor, such as a good
real estate agent to help you buy, a good property manager to get you a good
tenant, a good accountant to get you the most tax rebates, a good quantity
surveyor for depreciation reports, a good insurance broker and a good
mortgage broker to name a few.
6. Get Support
When you first start into investing you will need to have support from people
to show you the ropes, hold your hand the first time from purchase to
settlement. You will need to find someone to trust, so look for
someone qualified who is willing and able to guide you.
7. Professional Advice vs Well-meaning Friends
Listening to well meaning friends advising you to be “cautious” may be OK and
encourage you to do more “due diligence” of your own. But listening to
negative advice from those who are not investors may leave you in the
same place as them – unsuccessful and with no plan! Use advice from
professional property advisors & financial planners who have the necessary
licences and accreditation to give the advice.
8. Find a Mentor / Associate with the Successful
Who do you know who has successfully grown a property portfolio?
Are they willing to share their experience with you? If you mix with successful
people it does change your mindset and it does rub off!
9. Know your Risk Profile
By taking responsibility to learn about property investing you will do more
due diligence and be able to sleep at night! Sometimes your attitudes and
beliefs about money could be holding you back, and some personal
development courses or coaching in this area may help.
10. Make a Purchase Decision
When an opportunity comes along and you have enough information that
meets your financial situation and criteria – go ahead
and buy - don’t procrastinate!
The best time to buy a property is always yesterday!
As Ian Hosking-Richards, the CEO of Rocket Property Group, who has grown
a $13.5M portfolio in 9 years says;
“To be a successful property investor, you actually have to BUY a property!!”
The team at Rocket Property are all experienced and successful property
investors who can help YOU. By taking advantage of our free property
advisory services, our free financial healthchecks and our new
Property Investor Seminars you can be well on the way to being successful too.
Rocket Property Group
Address: Head Office
133 Alexander Street
Crows Nest NSW 2065
Phone 02 9965 7218
Fax 02 9437 4550
Mobile 0411 114 737
Email info@rocketpropertygroup.com.au
Know What you Want and WHY it is important to you.
Without knowing this, you may find yourself struggling to make
decisions and move forward. It’s great to want to be “financially free”,
but what would you do with that freedom? Make it real,
write your goals down, tell someone about them, get excited and
passionate and your success may happen a lot faster for you.
2. Make a Plan
Setting up a written plan for WHEN you want to achieve your goals will
put you ahead of the rest. By setting a time frame you increase the urgency
for taking action, instead of having it as a goal for “when I have time”. Making
a 5 or 7 year plan, with stepping stones of when you want to buy your
first or next property will increase your chances of actually achieving it.
3. Educate Yourself
By reading property magazines & attending seminars in the finance,
investment and property fields you will be learning the Basics about investing
and will stay up to date on the current and future market trends
4. Know Your Numbers
Understanding the numbers or having someone help you with this is of vital
importance in property investing. It’s not just about how much you can
borrow but also about cashflow (how much will the property cost me to
hold on a weekly basis) and how to understand rental yields and return on
investment in the long term.
5. Build Relationships
You will need a team around you to be a successful investor, such as a good
real estate agent to help you buy, a good property manager to get you a good
tenant, a good accountant to get you the most tax rebates, a good quantity
surveyor for depreciation reports, a good insurance broker and a good
mortgage broker to name a few.
6. Get Support
When you first start into investing you will need to have support from people
to show you the ropes, hold your hand the first time from purchase to
settlement. You will need to find someone to trust, so look for
someone qualified who is willing and able to guide you.
7. Professional Advice vs Well-meaning Friends
Listening to well meaning friends advising you to be “cautious” may be OK and
encourage you to do more “due diligence” of your own. But listening to
negative advice from those who are not investors may leave you in the
same place as them – unsuccessful and with no plan! Use advice from
professional property advisors & financial planners who have the necessary
licences and accreditation to give the advice.
8. Find a Mentor / Associate with the Successful
Who do you know who has successfully grown a property portfolio?
Are they willing to share their experience with you? If you mix with successful
people it does change your mindset and it does rub off!
9. Know your Risk Profile
By taking responsibility to learn about property investing you will do more
due diligence and be able to sleep at night! Sometimes your attitudes and
beliefs about money could be holding you back, and some personal
development courses or coaching in this area may help.
10. Make a Purchase Decision
When an opportunity comes along and you have enough information that
meets your financial situation and criteria – go ahead
and buy - don’t procrastinate!
The best time to buy a property is always yesterday!
As Ian Hosking-Richards, the CEO of Rocket Property Group, who has grown
a $13.5M portfolio in 9 years says;
“To be a successful property investor, you actually have to BUY a property!!”
The team at Rocket Property are all experienced and successful property
investors who can help YOU. By taking advantage of our free property
advisory services, our free financial healthchecks and our new
Property Investor Seminars you can be well on the way to being successful too.
Rocket Property Group
Address: Head Office
133 Alexander Street
Crows Nest NSW 2065
Phone 02 9965 7218
Fax 02 9437 4550
Mobile 0411 114 737
Email info@rocketpropertygroup.com.au
Friday, October 15, 2010
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