I own 2 properties in Kalgoorlie/Boulder. The first one (in Boulder) comprises a 3 bedroom house + separate 2 bedroom granny flat. It cost me $188k last year and rents for $385/week. I just told the agent to get me something that returned 10% and that’s what she turned up. This is my best returning residential property. I also bought a commercial property in Kalgoorlie. It has 2 units and cost me $280k last year. I had some hiccups getting a second tenant, but it now rents for $675/week. If you are looking for a straight forward subdivision/development project, there are plenty of good value quarter acre blocks in Boulder that you can do a simple subdivision with and put a 2 storey unit or duplex on the back (I am currently doing that with a property in Tasmania (believe it or not).
Paul
