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Hello Foundation, I hope you are well.
Your input has been fantastic, I would love to know your job, but top secret, as you say.
I don't suppose you have anything to offer regarding the length of the mining boom? As a Western Australian Property Advisor, obviously a large portion of my income comes from the fantastic wages being offered to our fly in fly out workers.
I don't know if this is your area (we don't really know what your area is), but do you feel that W.A. is insulated from the American credit crisis by the mining sector, and if so, how well, and if not, how bad will the crash be?
Given it is not really the topic of this forum (I am fairly new here), by all means email direct at [email protected]
It is up there, but even so, you're the only one in a position to judge if you can 'hold' it for the time it needs to achieve the significant capital gains. If you still find it to be positively geared even with worst-case scenario vacancy rates, or if you simply allow for high vacancy rates in your planning you should be fine. However, if there are a lot of renters yet still low vacancy rates, I would be curious as to whether there is an oversupply of rentals, and if so, this may be keeping rents in check. There are a lot of issues to explore regarding the dynamics that may be causing this.
Is the area likely to receive an influx of new residents? Is that where you feel the capital growth will come from?
