All Topics / The Treasure Chest / ANYONE INVESTING IN MACKAY?

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  • Profile photo of SunnigirlSunnigirl
    Member
    @sunnigirl
    Join Date: 2003
    Post Count: 4
    June 7, 2003 - 8:51 am

    Just starting out and have been researching Mackay beach area. You can still get a reasonable house from $120 with rental of about $180-200. Any ideas?[:P]

    Profile photo of toddo27toddo27
    Member
    @toddo27
    Join Date: 2003
    Post Count: 12
    June 7, 2003 - 12:48 pm

    sunnigirl,

    mackay has been a reasonable area for rental return in the past due to the different industries around the area. Coal, Cane, Cattle (all the C’s) oh and of course Tourism (maybe not so great at the moment). In terms of capital growth im not so sure, i would be sticking with houses, not units/apartments etc.

    cheers

    Todd O’Neill
    http://www.meteorpartners.com
    ‘Move to the next level’

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