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According to SQM research Chinchilla's vanancy rate is a massive 22.5% :eek:

Fingers crossed this all happens http://m.thechronicle.com.au/news/surat-basin-set-to-soar-in-next-five-years/2562580/

I'm about to change my Property Manager..

One problem in Chinchilla is that property managers are under cutting each other..

He sounded like an idiot if you ask me.. Set up, probably a Chinchilla developer..

Has the development stopped in Chunchilla or are the houses still going up?

Cheers Dubstep

Fingers crossed mate, fingers crossed.. This is severely handicapping my investment strategy.:(

Yes however he is taking the argument to the state government, FIFO workforce has been getting a lot of bad publicity lately. He wants to see a limit to the FIFO workforce and increase the amout of residental roles attracting families to the area. Maybe it's a longshot but the more people that...

To any Chinchilla property owners I encourage you guys to call council and talk to the Mayor MR Ray Brown. Tell him your concern about the oversupply of properties and any others you have, please don't attack him. He seems like a decent bloke that's well aware of what's going and he is keen to...

Yeah sounded a bit farfetched I was expecting to find a link "Buy Now"

Surat Basin :confused: don't know if that's good or bad news?

Can anyone recommend a good Property Manager in Chinchilla... I'm about to sack mine!! :mad: Pm me if you wish.. Thanks

For sale 4x2x2 house in chinchilla cost $400k rents for $250 pw!! :confused: Any takers??

Crap... That was somthing that I was avoiding looking at. How many are for sale, my PM reminds me of how many are for rent once a week. PS Thanks for the update Dubstep even though it might be the news I'm looking for it's still good to know what's going from someone at the coal face. Cheers mate.

Not what I hoped for but I'm okay with low or no growth for a few years... But I'd like to have a good return.. So if the deposits do go up the 30% and make Chinchilla more unaffordable. Building will stop and EVENTUALLY the vacant properties will be used up and rents will go up.. There is...

Yeah like I said.

Yes the thought has crossed my mind a few times. I not sure if I should cut my loses or hang in there. To be honest I haven't felt to much pain as yet but looking into future $280 pw is going to put some hurt on my investing.

Our property is still vacant I've been advised drop the rent to $280pw... :(

So your saying that to buy in at Chinchilla you need a 30% deposit with no morgage insurance available? That's a good and a bad thing. ? Bad because banks think it's high risk. ? Good because it might stop clowns from building new properties out there. It will make it harder to sell...