Search results

This is a great point which I overlooked. I guess now I have to determine how likely the smelter is to really close (there are other plans in place for it) This is something that I have overlooked, again. This is why I thought I would ask! Will definately have a look into the mining...

Market value 130k (approx) so 50k is roughly 40%. The lead smelter provides just over 800 Jobs to Port Pirie (population 15 000 and steady according to council) so worse case scenario not too many jobs are retrenched. Not most just a handful (>10) Sorry I should have elaborated a lot...

When I say low growth potential I dont mean zero or negative growth I mean weak-to-moderate growth (e.g. 3%) ha ha Sorry I seem to be having trouble explaining myself atm

Sorry I forgot to add.... Rental yield of 11%+ and given that there is the potential for instant equity (since property is undervalued) does low growth potential matter so much?? (i assume there will still be a little growth in the area). Instant equity= ability to buy more property faster...

If you were to find a property which was priced below market value (say by 50k), but it was in an area which might not have the best potential for growth, would you still go for it? Im asking because ive just made an offer on a property in Port Pirie S.A. Anyone invested, or thinking about...