Forum Replies Created
Hi Kimmy,
I looked into Bridgetown a couple of weeks ago. They have actually had quite high capital gains recently, and despite mining layoffs in nearby Greenbushes have a tight rental market. I could not see any places that jumped out at me for the 11 sec rule. Prices have been pushed up by the holiday home market I am informed. Greenbushes may offer a more attractive cash flow alternative, but downside is it is not a very nice town and capital gains and tenancy may be disapointing.
See my post about Manjimup though for another potential location (would appreciate views on Manjimup if you have any – am new to the SW myslelt).
Cheers,Brad
quote:
I have 2 properties in Broome and although prices are high, rents are also high, but don’t actually satisfy the 11 second rule, unless you purchase at the caravan park, can buy a site for $40k, rents out for $90 to $110 pw. Hamish is right, Insurance is high and shire rates are hellishly high. Am just lucky I bought before the 2000-2001 boom and have made good capital gains which I can use down south somewhere to hopefully positively gear.What about Bridgetown? Or Albany?
Hi All,
I spent a bit of time in Manjimup yesterday (southwest, near the lovely Karri forests). There were five properties that I viewed in less than half an hour that satisfied the 11 second rule.
The only thing that makes me hesitate is that the local economy has been hit very hard by the reduction in allowable native forest harvesting. Finding and keeping tennants may prove challenging. No definate new industry appears to be on the horizon.
Any thoughts on Manjimup?
Cheers,
Brad
Related to the above discussion, could I own a propery in my name, and rent to to my girlfriend (while I co-habit with her in the same property)?
Cheers,
Brad
