I have been offered to purchase property of the plan 3 bedroom unit classified as a house because it has an independent address for the price of $330,000. I am told that the property has already gone up since last year by 40K. I am told that I should expect $400-$500 per week in rent. However the median prices in the area are $240,000 and rentals at the moment are $280. Apparently the property should expect to go up because of all the mining that is going on in the area.
The government announced that there will be a tax increase for mining companies.
Does anyone have any insight on this????