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  1. MTR

    Port Hedland desperate seller

    That is why you try to buy the land at the early stages of the cycle, you also then will probably have an option to sell the land and not build or build and make sure its cash flow positive. I guess it also comes down to what market you are playing in, I think its far easier to sell at anywhere...
  2. MTR

    Port Hedland desperate seller

    That is one reason why they make a very poor investment.
  3. MTR

    Port Hedland desperate seller

    Of course, but my point is I would rather be jumping into a rising market, I expect most would want to do the same??? Why would any investor jump into Sth Hedland which has been going backwards for perhaps 2 years+ when during this period they could have jumped into rising markets such as...
  4. MTR

    Port Hedland desperate seller

    Bus AusP, seriously, we are going around in circles here, how can Karratha always be a good market to invest in if it is a declining market? Am I missing something??
  5. MTR

    Port Hedland desperate seller

    ...... and the major players in WA are moving into other areas including exporting cattle. The easiest way to make money as a property investor is to find markets where demand is greater than supply, not the other way around.
  6. MTR

    Port Hedland desperate seller

    My point is the mining boom is over and recovery could take years regardless. Jumping into this market now is absolutely high risk because we have no idea how low it will go, rents could still continue to fall as well as values as there is an oversupply. Investors can not sell stock...
  7. MTR

    Port Hedland desperate seller

    Need to compare apples with apples, without knowing exactly what you purchased and where I can not comment on your particular scenario and how it compares to South Hedland market which is what I am specifically commenting on. If the value your property has declined slightly but still up from...
  8. MTR

    Port Hedland desperate seller

    I think mining recovery/cycle is something like 20 years from what I have been reading, its not like property. Not on my radar while there are drops in iron ore etc etc. No point holding onto an asset that is volatile or in a declining market, makes no sense whatsoever. What you perceive...
  9. MTR

    Port Hedland desperate seller

    Still too much risk for me, seems buyers think same if been on market for 12 months no takers. Are rents still falling?? I expect so This agency alone has 70 properties listed in South Hedland, that is a worry. Are prices still free falling?? Even at figures quoted, cash flow still...
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