All Topics / General Property / Blackwater Investment

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  • Profile photo of DissanayakeDissanayake
    Participant
    @dissanayake
    Join Date: 2022
    Post Count: 0

    Hi

    I have searched information about my unit.

    It was reduced the price in last few years but now rent price has been to increased $350 per week for my unit .

    Now I can cover my loan and good return. There is new Service station built and invested .

    It would be great news that lot of investors are keen to invest.

    House price has moved significantly and houses are selling .

    Morning expansion between Emerald and Backwater would  impact the markets.

    I would like any investors feedback.

     

    Benny
    Moderator
    @benny
    Join Date: 2002
    Post Count: 1,416

    Hi Dissanayake,

    Sounds like some good news for you.  Re this comment – “Now I can cover my loan and good return.” – were you not covering your loan previously?  i.e. was it negative geared?   Was it like that when you bought initially?

      Morning expansion between Emerald and Backwater would impact the markets.

    I wonder about that comment – was this “mining expansion” that you were referring to?  If not, please explain the sentence.

    Thanks, Benny

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