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I heard that these units still go up in value. Probably by a small amount, but they also seem to have very good +ve gearing. And the bonus is that they are cheap with virtually no vacancies in this area.
I would assume it is treated similarily to a normal house. I doubt it is simply a hole in the ground with a tarp over the top. There would be some kind of structure to keep the hole reinforced. Also there are semi-underground houses too, and many above ground houses in Coober Pedy. But has anyone here know what the current situation is over there? For instance, has anyone invested there before and think it is a worthwhile place to have IPs? Any bad experiences there etc.?
Hi everyone, I’m new here. And new to investing in property. I’ve been investing in the stockmarket for years now and have a nice yet small amount saved up.
I thought I might post in here rather than start a new thread as I’m wondering if any others have had any experience in Coober Pedy. I know it’s a tiny town, but it seems to have a lot of cheap properties, and still has good yields. I’m still a student and only working part time/casual so i can’t get that much from the banks, so very cheap properties is where I have to start. If any one else has had any experience investing here or considered it, I’d appreciate your thoughts. Cheers. Hopefully I’ll eventually be able to contribute more here too.
