hello all ,
i and a friend are looking to invest in port hedland , any suggestions ( positive or negative ) will be highly appreciated, we are not locals to the areajassi13,
I have recently moved from Port Hedland after working there for 12 months.
The rental returns are great especially if you have a house in the executive market, but the entry costs are high.The rental turnover is also cause for concern in the cheaper places. There tends to be a lot of people move to the area for 3-6 months then leave due to the harsh conditions, or better money out with some of the big mining companies.
I too have been tempted but descided the risk for me was too great, for others this may be acceptable.
Damo.
Hi jassi13,
I live in Port Hedland (due to work) and if I was thinking about investing in the pilbara I would be looking into karratha, which is a 2hr drive from Hedland. Just a thought. If you can visit hedland before buying to look at the town, that would be wise.
What state do you live in?
Hope this helps.
D.hello damo and dee
thanks a lot for replying back, you both have certainly given me more insight in looking into areas around hedland and also about the vacancy rates( rental market ) in the area , which are very important factors, i live in melbourne ,, thanks heaps for the suggestions
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