quote:
As you are from Kal, you’re aware that it is a boom or bust town. When prices of gold & nickle are high, rentals shoot through the roof & vice versa. Generally, fibro houses are very expensive to work on. It is also very difficult to get tradesman who wants to work on them. Older houses generally have more maintenance problems with…

[Read more]

quote:
The margin you have built in to this property (20%) would seem to be an attraction straight away. I would imagine the repairs you talk about would have to be of a basic nature – otherwise our government wouldn’t let you live in it…..or would they?
If the repairs required are substantial you may end up with lots of depreciation to get rid…

[Read more]

[]

quote:
My own view is that Kal could be a promising place for cashflow positive property with yields of 9% common. Prices are low, average wages are high and there are many renters.

You can get a small 2 or 3br brick/iron unit near town for $70 – 100k. Rent would be approx $120 – $180pw.

Have just been there myself and the vacancy rate is…

[Read more]

quote:
As you are from Kal, you’re aware that it is a boom or bust town. When prices of gold & nickle are high, rentals shoot through the roof & vice versa. Generally, fibro houses are very expensive to work on. It is also very difficult to get tradesman who wants to work on them. Older houses generally have more maintenance problems with…

[Read more]