Join Australia's most dynamic and respected property investment community

NSW Gloucester

Discussion in 'Where to Buy' started by sonic98, 28th Sep, 2015.

  1. sonic98

    sonic98 Member

    Joined:
    3rd Sep, 2015
    Posts:
    15
    Location:
    NSW
    There are a large number of properties for sale in Gloucester, is this likely due to the uncertain future of the region with coal seam gas exploration near/on people's properties? I believe there was a pilot project at nearby Waukivory which was recently suspended due to detection of dangerous chemicals, and that if CSG goes ahead at Gloucester as planned they may be allowed to build wells within 200m of people's homes as the law banning that elsewhere does not apply to Gloucester.

    Unless there is another reason so many properties are for sale there.
    Anyone with personal experience in the region?
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,554
    Location:
    Sydney or NSW or Australia
    Also affected by coal mines IIRC.
     
  3. Depreciator

    Depreciator Moderator Staff Member

    Joined:
    15th Jun, 2015
    Posts:
    723
    Location:
    Sydney
    I have driven through that town often over the last 20 years or so. There have always been a lot of properties for sale there. It's a nice town, though.
     
    sonic98 likes this.