All Topics / The Treasure Chest / broken hill for investments

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  • Profile photo of aj_2aj_2
    Participant
    @aj_2
    Join Date: 2003
    Post Count: 86
    August 29, 2003 - 2:48 am

    I have been noticeing Broken hill with some good deals I know it is in the middle of nowere any opinions
    aaron

    Profile photo of richmondrichmond
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    @richmond
    Join Date: 2003
    Post Count: 831
    August 29, 2003 - 3:53 am

    isn’t broken hill suffering from the biggest population decline in the country since a lot of the mines have shut down? Sure it’s got cheap houses… but future prospects aren’t all that great I wouldn’t have thought.
    cheers
    r

    Profile photo of CeliviaCelivia
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    @celivia
    Join Date: 2003
    Post Count: 886
    August 30, 2003 - 12:33 pm

    I’d find it risky to invest in an area that really depends on just one industry. If anything happens to the mining over there, the place might turn into a ghost-town.
    Just my 2 cents worth.

    Profile photo of MikeRobinsonMikeRobinson
    Member
    @mikerobinson
    Join Date: 2002
    Post Count: 27
    August 31, 2003 - 7:39 am

    Hi aaronj,I live in Broken Hill and do very nicely with my rentals but I believe that the bottom end of the market is saturated.There is still a demand for better quality rentals within the town.However,you still have to do your homework the same as anywhere else.You would probably do just as well in your own area because you understand the town demographics.Mick

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