Search results

Yet another setback.....lending limits imposed for the postcode. Perhaps I was overreaching if I needed to borrow as much of purchase price as possible. Back to the drawing board.

Been looking back around Karratha as the yields seem to back up to around the 10% mark now that sellers price expectations have finally matched the slide in rents. Considering a 4x2 in Baynton that was built in 2001 and has a year and 4 mths left on the lease to a gov dept at 1900pw with no...

Haven't been up there for a few months now, but it was construction grand central and I assume it still is. Do you think the market can absorb the impending supply?

To build I think you would be looking at 400-500k for something decent turn key, plus whatever you get the land for. Around 800k for a 4x2 on a reasonable plot size of 600 to 700m2 would be an underpinning price and represent the entry into market so prices should sustain to this level...

Revisiting this old thread as my attention has swung back around to karratha now that the rent drops seem to have stabilised and house prices have dropped to match yield. I'm thinking this may present an opportunity to buy at the lower end of the cycle up there (on the under standing of what...

Pango, I contacted GROH regards leasing and you can do it direct with them (The NW coordinator sent me a form to submit a property for GROH consideration). She said that at the moment they don't require anything in Karratha (they have enough on their books) but that may change in the new...

Hi Sash, how do you figure that exactly?

I'm still keen on energy hubs myself, I think they'll have a rosier future than mining. That's worry about impending cheaper accommodation, could lower the rental market in the short term when it comes on line. My spreadsheet still looks reasonably healthy with the lowered rent, might have...

Done some more research and coming to similar conclusion, still like Gladstone though, but your right the yields are still on average lower than Karratha. Dammit, back to my spreadsheet.

Had some info from the agent, the owners have instructed to advertise the property for release next month at $1600. He gave me a big spiel how its all still good and the rental market dip is just temporary until the next lot of projects commence next year. I did have to agree on one point he...

Just got off the phone with the REA in Karratha about a house in Baynton I inquired about. He confirmed that the current company tenant is not renewing the lease in Dec. He suggested that the property would probably be relet for $1600pw (down from $1850). Seems that rents are slipping back...

Hi Pango Cheers for that, its the kind of info I need to help make my decision. What you have said gels with my own limited research to date and also what REA's in Karratha are telling me. I spoke to one guy yesterday regards a house in Baynton he is selling and he was very non-bullish...

Hi, looking to hear from people who have invested in Karratha or conversly looked at it but decided against it (would like to know what put you off). I initially looked at nras there but think I would prefer to go for maximum rent instead. Looking at around the 800k mark for as new a house as...