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Funnily enough [biggrin] put a deposit on one (S.T.F.) in Maroochydore about 6 years ago, and for $250k a 2 bedroom penthouse on the beach etc etc., but after a lot of intense questioning it became clear that the Manager or people who had the Management rights owned three of the 12 apartments. Guess who’s apartments had the lowest vacancy rates?
Guess who didn’t buy???? [exhappy]
[thumbsup2]Thanks Steve and Derek.
A town came up out of the blue that I was interested in and it appears that the locals are looking forward to economic growth due to the correctional facility through building, contractors etc. etc.
Good to know the info and thanks.
SimoneHi Brett,
Coming from Bundaberg myself and owning a couple of properties there, I can honestly say it is a good area, however the market demand has gone down a little. I still look around the area (I am currently in Alice) to see if there is anything that does fit the market situation. It depends on what you want to buy, and for what purpose. One of my recommended contacts is Rob Brown at Ascot Real Estate who has a total finger on the pulse for any serious investor.
Good luck and enjoy your weekend!
