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To be honest it may go there dizzy. I would suspect you would need to be at around $600-$650 per week at the moment to get it rented quickly.
If you are building you should get pretty decent depreciation in Emerald with a high ratio of construction costs to land value. Therefore I'd be surprised if $550 per week kills the deal?
I will remain relatively relaxed as long as it doesn't dip below $500 for a newish 4 x 2 before moving up again.
Right on cure to put an exclamation point on my previous post:
As an investor with property in Emerald I really hope the politics get out of the way soon.
True, so what can a fed government do now to improve our competitiveness since the state coalition governments have all but destroyed the benefit of the MRRT?
Oh yeah get rid of the MRRT and Carbon tax…… what a coincidence! It's all very political. Just like the announcement by BHP to close Gregory the day before the QLD budget.
To be fair I don't think you can blame the QLD government for bad timing.
It's not every day you get the free kick of a lifetime from the federal government. What was Swan thinking when he declared mining companies could deduct state government increases from the MRRT?
Newman would have been crazy not to take up that "offer", he gets more royalties and the commonwealth pays for it. Not to mention NSW and WA had already taken them up on it.
