Realistic Occupancy SA Rural?

Viewing 4 posts - 1 through 4 (of 4 total)

propertyguy
Member
@propertyguy
Join Date: 2003
Post Count: 6
November 27, 2003 - 2:47 pm
Hello all,
Say if I invest in Port Pirie (a small town up north, 2-hour drive from Adelaide) with a pop of 15,000 – 20,000. The property is located within minutes of driving distance from the town centre and is reasonably nice to live in. Can anyone suggest a realistic occupancy percentage (annual) for the purpose of doing a cashflow analysis?
Thanks heaps!
Jimmy
westan
Member
@westan
Join Date: 2002
Post Count: 1,950
November 27, 2003 - 3:24 pm
hi jimmy
how is PP going since Pasminco had its problems? i was under the impression a few years ago rental demand was strong (2001) but that was before pasminco.
bye westan
T.P.
Member
@t.p.
Join Date: 2003
Post Count: 28
November 27, 2003 - 3:31 pm
G`day Jimmy
you are talking about my hometown. I can`t give you a number {contact a R.A.} I have 5 properties, all +ve, and have not had any extended vacancies in the last 5 years. Are you in Adelaide? Would be prepared to show you around if you want to visit.
regards
Terry
Agent007
Participant
@agent007
Join Date: 2003
Post Count: 61
November 28, 2003 - 7:20 am
Jimmy,
Why not call a few PM’s (property managers, that is) in PP?
They should give you a reasonable idea what the vacancy (or occupancy) rate would currently be for the type of property you are looking at.
This would give you the best & most realistic rates, if there are no stats. available on vacancy rates in the town from organisations such as the REISA.
Cheers,
David Paxton
“You Only Live Twice”