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  1. C

    Chinchilla - hold or run?

    Tell me about it. I got promo material from a competition realestate agency sent to my Vic. address. When I quizzed my PM about how they got my details she said they are doing title searches on RP data and aggressively approaching investor owners. Everyone is suffering in Chinchilla right now...
  2. C

    Chinchilla - hold or run?

    Yep I agree Marg. Thats good common sense. I already spoke with PM and suggested she drop the price yet again because $800.00 PCM is sure better than $0.00 PCM. Her advice was that nothing will move significantly within the next 12 months! Im putting my seat belt on and thinking about a second...
  3. C

    Chinchilla - hold or run?

    I bought existing near the hospital. When I asked my PM about advertising through hospital staff she suggested most staff are happily housed and in new 4x2 homes for cheaper rent than what I am currently getting! How do you get your property to stand out without making it ridiculously cheap...
  4. C

    Chinchilla - hold or run?

    Thanks for the forum link. It's encouraging to see evidence of the townspeople coming together to discuss ways forward. My ultimate question is to get out now or hold on? Neither are attractive options but it feels like holding on is the least evil. Not sure we will ever see the 7plus% returns...
  5. C

    Chinchilla - hold or run?

    Not sure about rental inquiries increasing. Have just been advised to drop my rent by half! Hence registering for this forum ... I feel your pain. Obvious question is how long to hold out and how much faith to put in the promise of population growth. Will the vacancy rate really come down to a...
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