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Personally, I love Karratha a lot more than I do PH. The fact that big retailers have moved into Karratha in a big way suggests that demographers and economists have confidence in the place. Nevertheless, Karratha is basically an iron + oil and gas town. Prices for both these commodities are...

Wise words MTR. Regional one-horse towns give high yields. And with those high yields comes risk. PH and Karratha were great buying around 2003. I know people who bought in early and got returns as high as 25% return perannum, just in rent. Those days are well and truly over.