Have found a property with a 15+% bit worried about
The lease only until July 2012 anyone from out that way do you think properties will be stable for the next 2 years?
anyone got a crystal ball? lol
bump
Don't know Middlemount so take what I say with a grain of salt.
Seems a little small for me (N.B. Using Wikipedia figures – so disclaimer applies).
Would also need to check banks willingness to lend in Middlemount. Some banks have aversions to certain postcodes.
Nothing else to add – sorry.
Thanks Derek yes size my concern also it’s a service town for several mines
German Creek
Central Colliery
Foxleigh
Southern Colliery
Middlemount Mine
Bundooraas far as the NAB is concerned they will lend there on a 80% emerald looks like a better option however I haven’t found the returns as high as Middlemount Dysart Moranbah.
my main concern is that a lot of the mine workers are housed in camps, and the lease of less then 12 months which says the company can pull out at the end of lease and I’ll be stuck with a huge debt and no renters.
I thought a few people here may work there or own property in the area.
Back To The Drawing Board.
Know what you are saying – just doing some feasibilitty on a WA mining town for investors with ~17% return. Making sure the fundamentals are all right first.
So far looking good.
Derek wrote:Know what you are saying – just doing some feasibilitty on a WA mining town for investors with ~17% return. Making sure the fundamentals are all right first.So far looking good.
Hi derek would you mind sending me some more info on these 17% return properties?
HI abcd,
Have sent PM.
Derek wrote:HI abcd,Have sent PM.
can you send me a PM as well
looking at investing in regional/mining towns.
looking at investing in regional/mining towns.You must be logged in to reply to this topic. If you don't have an account, you can register here.
