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I think you mean 'Land Tax', as Stamp duty will apply in almost all purchases. And perhaps the properties were purchased in another entity away from personal names, where the threshold is $350,000, so quite plausible for the OP to be paying Land Tax. pinkboy

You can't be serious? Surely? This is dangerous and absurd advice. You're asking the OP, who is bleeding funds to gear up more, to take on a VF deal, in a town where sales are down an people are tight and/or bleeding themselves, most likely with failing credit themselves? I suggest you...

Dont be fooled by this belief. Mackay is a different beast, and 'Miners Tax' is still alive and well here. Some businesses would still rather charge the guts out of the consumer and risk going bust, than lowering prices to more sustainable levels. As for climate, pretty hard to beat 35oC...

Lucky Im not an advisor hey? But I do practice personal responsibility 101, and apply it to every decision I make. pinkboy

Sorry, but your suggestion looks like a dressed up way to find and lay blame on someone else for the OP's financial situation if they can find one. Buying in Mackay or Blackwater at those times would not have been envisaged as unreasonable, to the OP or a lender or anone else. pinkboy

Absolutely agree here! Take responsibility for your own actions, as ultimately it's your decision you make when you sign the dotted line. Kudos. pinkboy

Mackay property: Eimeo is typically row after row of cookie cutter properties. I highly doubt there is scope to subdivide. Zero chance of any commercial venture. Shared accom most likely way to increase rental income, but being from a distance will be hard to self manage, and very few (more...

Are you bleeding or hemorrhaging? If you're just bleeding, you might want to consider trying to increase your income at work or a second job? If you are hemorrhaging, you may have to consider some more drastic action, and make some hard decisions. Do you have someone you can turn to that...

Fees aside, 360 are relatively new to the game up here. A reasonably new 4/2/2 in Eimeo should still get around the $400 mark. I guess whats killing you up here is the Rates (Im guessing around $3,300ish), Insurance (Ill stab at $1,800), PM fees ($1372.8 (8.8% guess)). Assuming no vacancy...

Agent? pinkboy

Surely you put all the megabuck$ away for a rainy day when you were receiving them knowing you bought in boom/bust towns? Blackwater I cant help you with. Your agent is right, it has very little prospect of increasing in value for a long while yet. BMA and Currugh mines there aren't...