All Topics / General Property / Investing in Broken Hill

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  • Profile photo of NadNad
    Member
    @nad
    Join Date: 2005
    Post Count: 1
    December 21, 2005 - 6:26 am

    Hi there

    i am new to this game so I need experienced investers to please give me there feed back on there experiences in investing in Broken Hill..

    I wont to postive gear a property,but all i can find on the net which comes close is Broken Hill.

    thanks
    Nad

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    December 21, 2005 - 11:34 am

    Focus your research on the long term prospects for population growth in the town. This is what will drive prices up.

    Also find out about industry and the rental demand.

    When you have done enough research your answer will be clear.

    But basically try to reason why rents are high in relation to property prices. Is all about supply and demand.

    Sorry to be cryptic but there is no right or wrong answer. Just what is right and wrong for you.

    Cheers,

    Simon Macks
    Residential and Commercial Finance Broker
    ***NODOC @ 7.15% to 70% LVR***
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

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