Has anyone invested in Broken Hill? It seems this is one of the only place left in Aust where you can buy a 3bed house for well under $100, 000.
Most properties are around $70 and can find a positively geared easily.Never been there myself but have had clients invest there.
Have you not looked at regional Qld prices are very favourable still.
Cheers Richard
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Heard of it but never bought or sold there, whats the returns?
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auHi broughaha,
Check carefully what you are buying around those kind of towns, Broken Hill has a population decline of 10% in the last 10 years, in 1996 was 21,505 people. By 2001 the population was 20,425 now it is even less and whoever is selling in my opinion is moving out.
Or are you the one selling?
Just my thoughts, no recommendation at all.
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