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Yeah I lived in it for about two years, and have owned it less than six years Not in last 12 months but as Mikey P said Kalgoorlie is way to go, i’ve seen properties for 200k rented out for $300 p/w in last 12 months.
I brought a house in kalgoorlie would have been 3 years ago got it for 82k now its rented out for $200 p/w.
Why not invest in mining towns? people are like when kalgoorlie runs out of gold everyone will move away, that is not going to happen. For starters they mine more than just gold, there would be at least 6 mines within 50km of the town. Plus there are a lot of people with normal jobs that live there.
Fair enough most people go there make money and leave, these are the people who dont want to buy house to live in but have to rent one to live in.I own a property in Kalgoorlie at the moment.(rented out to Westrac – Caterpiller)
About to start building one in Roxby Downs just waiting for accountant to sort out paper work before that goes a head.(Olympic Dam has a 5 year construction plain going a head, populaion of 4,000 will double)
3rd been looking up at Karratha.(600k houses but your getting $600 per week return on them)
4th not sure yet probably in a capital city seening other 3 are in mining towns, probably Adelaide because home town.
Boddington will take off as well.(new processing plant being build down there as well)
Mat.
