All Topics / Help Needed! / Eyre Peninsula SA Property Investing?

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  • Profile photo of Property Investor Regional South AustraliaProperty Investor Regional South Australia
    Member
    @property-investor-regional-south-australia
    Join Date: 2013
    Post Count: 2
    August 15, 2013 - 2:22 am

    Hi,

    are many people considering investing in new property across the Eyre Peninsula in SA's west?

    Places such as Whyalla, Port Lincoln & Ceduna?

    There is consistent mining testing being undertaken with possible large mines in many locations.

    There are some really good off the plan new house & land package deals available in Whyalla & Port Lincoln from local builders.

    Can anyone provide some feedback about the area? Local builders history?

    I have been researching land cost in Port Lincoln, Most small allotments around the 450m2 – 500m2 are approx. $120,000

    Thanks

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010
    August 15, 2013 - 7:01 am

    Whyalla and Port Lincoln have been stomping grounds for investors for a reasonable while. Prices fluctuate quite rapidly, particularly when mining announcements have been made. I've known investors to double their property values in 4 years, and others lose 20%. It has it's risks, which outweigh the benefits for me TBH.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

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