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Gemstones, Minerals & Fossils
Gemstones and Minerals
The Gemfields rubyvale
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<blockquote data-quote="snafu" data-source="post: 612144" data-attributes="member: 1252"><p>Claims are selling quite well at the moment Silver and I think it has a lot to do with people seeking a "base" away from the disease ridden areas down south.</p><p></p><p>As for the cost, it all comes down to not just what may be below ground, but also what is on offer above ground. A claim not far from me on barren ground here in Sapphire with a "livable" dwelling that I would have valued at no more than $10,000 max recently sold for $24,000. A lot of buyers are looking for a lifestyle location and not necessarily interested in mining and that has inflated the prices - good for the sellers, but not so good for the buyers.</p><p></p><p>We had the same thing happen here during the coal mining boom years. Claims were being snapped up by cashed up coal miners due to the shortage of accommodation in Emerald and the demand inflated the cost of claims to the point of stupidity. This in turn also inflated the prices being asked for freehold properties and these prices are still way too high.</p><p></p><p>It's definitely a sellers market at the moment and buyer beware.</p></blockquote><p></p>
[QUOTE="snafu, post: 612144, member: 1252"] Claims are selling quite well at the moment Silver and I think it has a lot to do with people seeking a "base" away from the disease ridden areas down south. As for the cost, it all comes down to not just what may be below ground, but also what is on offer above ground. A claim not far from me on barren ground here in Sapphire with a "livable" dwelling that I would have valued at no more than $10,000 max recently sold for $24,000. A lot of buyers are looking for a lifestyle location and not necessarily interested in mining and that has inflated the prices - good for the sellers, but not so good for the buyers. We had the same thing happen here during the coal mining boom years. Claims were being snapped up by cashed up coal miners due to the shortage of accommodation in Emerald and the demand inflated the cost of claims to the point of stupidity. This in turn also inflated the prices being asked for freehold properties and these prices are still way too high. It's definitely a sellers market at the moment and buyer beware. [/QUOTE]
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Gemstones, Minerals & Fossils
Gemstones and Minerals
The Gemfields rubyvale
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