All Topics / Help Needed! / Is Blackwater Still worth buying?

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  • Profile photo of abcd1abcd1
    Participant
    @abcd1
    Join Date: 2011
    Post Count: 36
    October 16, 2012 - 10:09 pm

    I have been hearing blackwater is in a down turn

    I have seen plenty of 13%+ return however most of these leases run out  early 2013.

    Does anyone think blackwater is still a good area to buy, or has it run it's course with mines scaling back in the area?

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    October 17, 2012 - 9:20 am

    I think you have to look back to where Blackwater house prices were pre mining boom and then also look at the mortgage insurer and see why they are not providing cover in a lot of these areas.

    Course it is merely there attitude and interpretation of the same data we are all privy to access but without them the demand reduces considerably if you ever had to sell.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

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