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Well, ive had the place advertised at $1250pw for 2 weeks now and no bites. Just instructed the agent to go for absolute market reality to get me a tenant. That is now $1100pw apparently, as she just signed one up at that rate for 12 months with 6 monthly review. Thats $1700pw to $1100pw...

I think that prices will take a hit. When I bought the place in 2006 I was getting $1200pw. At $625k it still represented good yield so I guess I am back to where I started. I have had rents or $1200, $1400 and $1700pw over the stretch so CF has been good. Im in for the long ride so it...

Just heard from my PM that GROH will not be renewing the lease after the 5 year term expires next month. She mentioned that they were reducing the number of Govt personnel in town so had no further requirement for it. This may be hogwash? Possibly that there is so much new stock available that...

When will the demand for the camps start to decline and placement of staff into housing look attractive again?? If the camps became less profitable, and that will happen over time as demand decreases, they wind down and the pressure goes back into the rental market surely. This is what I...

Karratha...?????

Just my luck that my lease is expiring when there is plenty of supply. I tried this time last year to get my trogladite PM to approach GROH and see if I could renew the lease with them early on attractive terms for them but it was a little too much for her to grasp. Consequently I get to be...

Hi Venno, i bought there in 2006 at $625k for a 3x2 unit in Millers Well. Some people rolled their eyes at the deal, but I had a 5 year tenant thrown in to sweeten the deal? It has given me great returns over the years and has been positive CF since day one. I am getting $1700pw at present...