Thats a shame we already have properties in whyalla which are achieving good rental returns (at the moment) but would make a loss if we sold. I guess now we make a decision to cut our losses or long term hold if there are no future projects that would drive up the property prices!
Tied to Iron Ore and any other new major projects. Both are flat at present. Long term it could do well but will require global shift in resource prices to be booming again anytime soon.
South Coast NSW Independent Buyers Agent - Wollongong to Batemans Bay and Regional NSW. DOWNLOAD OUR FREE 14 POINT PROPERTY BUYER'S CHEATSHEET to avoid painful mistakes at precium.com.au
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