I had a client purchase a warehouse there in 1996 after the pit closed. When he gave me his tax details I asked him for the loan contacts and told me “no the $1500 was the full purchase price….” It wasn’t rented then I wonder if it is still empty now especally as the rates were $2K p.a.
Having some knowledge of Norseman – I wouldn’t recommend this particular property as it defies the most basic investment property rule “never buy the best house in the street”
But seriously Norseman is a single industry town and relies very heavily on the mine there, the Aboriginal support ‘industry’, has a number of tensions in the town and limited capacity for growth (read none)
Its best thing is it is only 200 kms from some of Australia’s best beaches at Esperance.
ok… im starting up a foundation called “Still in School” please feel free to deposit and donate cash… credit cards, cheques and EFT all welcome… [][][]