I’ve been noticing some 10% positive returns on properties in Kambalda WA..l guess most of the tenants there would be working for WMC…as l come from Melbourne its a bit far for me to go to check out – any thoughts?
If you are keen go over there check it out work out what is going on in that area , the problem with asking questions like this is that you will get negative feed back and positive feed back . The negative feed back will discourage you .Then chances are you will put it in the to hard basket.Do as much research on population patterns in the area growth patterns vac rates on rentals , if it looks good go over and have a look
Good Luck Cheers Rick[drummer]
Hi Barbie,
I suggest you do a search of the forum as there have been some comments and threads in the past.
Kambalda is a mining town that is very dependent on the state of the nickel and gold industries – which at the moment are having their day in the sun.
Long term Kambalda is a very unstable investment.
PS – I have also edited the title of the thread as Kambalda is 600km due east of Perth.
Derek
[email protected]Property investment advice and researched property in quality locations available.
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