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I too am a resident in Forest lake and I would have to agree 429k for a 3 bed 2 BR sounds a bit rich to me, even with a pool. 14 years puts it as one of the older homes in the area given my PPOR is 10 yrs old. Ignore the vendor and REA, you are the one who is investing your money, not them. Termites are here and as someone said before me, they were here first. That doesnt mean every house in FL has them, I know mine doesnt and wont hopefully.
For 430k I would be thinking you could get a nice 3/2/2 on a decent sized block or even get into a 4/2/2 and certainly better than 14 yrs old.
My 2c worth only….Well that is indeed an interesting read and makes me feel better about my call. I felt Pt/Sth Hedland had all the good signs to keep going strong and having Rio say that is nice indeed. Have to look around for something similar for BHP Billiton and Fortescue.
Mattnz, Im geared to the hilt on it, no deposit its all using equity including costs. Not my preferred way but its going to have to do.
Geez I hope Port Hedland isnt slowing, would make the property I am in the throes of buying a pain in the hip-pocket. I looked round the Qld mining towns before deciding it was a bit hit and miss so I went across country looking at Hedland and Karratha. Speaking with people in Karratha and finding out they are putting an airport (direct flights from Perth) and huge amount of accomodation out on Barrow Island for the workers on Gorgon didnt make Karratha a good thing for me. Hedland being more iron ore and having BHP Billiton and Fortescue made me a bit more comfortable jumping in feet first. I plan on riding along for 5 years or so, checking how things are travelling and if theres any worries, Im outta there. The rents will achieve exactly what I want and if I happen to get some CG as well its a bonus. Risky??? Maybe, but hey, I could get hit by a bus crossing the road.
With the amount of trouble I had just getting an offer into a place this time due to the fast turnaround of places, Im happy with my call.
