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Thanks for your help guys. I’ll give it a try.[exhappy]
I would say go for it. I own property in south hedland and it has been no hassles. It was already positive cashflow when I bought it. The rents are generally quite high. I you can get GEHA or BHP to lease your property out you will be garenteed rent (even when there is no one living there), and they are always looking for new properties. for my property i payed $205k and the rent is $375/week. There is talk of development in the town (expanding BHP) which means house prices may go up.
In response to Lukis’s reply, I would also recomend buying in Karratha. The rent is very simular but the land value is rising higher than in hedland. As a result the cost of buying property is a lot more expensive, but it may be worth it in the long run. You can also rent your property out to GEHA there too, which means you dont have to worry about the house being empty.
I agree on Hedland. I own several propeties there and they were all already positive cashflow when I bought them.
You will be still entitled to the first home owners grant, as long as you live in the house within the first year. Go to the government website to find out more details about the grant.