I have owned a 3x1 IP in Karatha rented for over $1500 per week (6 months left on lease) for over a year and am looking at selling due to the uncertainty of the market in karratha atm. The property was purchased for $705,000 last year and has just been valued at approx $825,000.
In speaking with the agents I would have though the property would be easier to sell with a lease in place however much to my surprise I was informed that they are selling easier at the moment when "vacant"??
Anyways, with all the new homes, land releases, looming mining tax, companies not taking on many new leases, plans for a "Biger Australia", mining accomodation camps etc.........Would you recommend we sell and realise our gains or ride it out for a couple more years ?
What do you see happening to supply and demand and market pricing (rents and capital growth) over the next 2 - 3 years in Karratha?
Like everyone..... I wish I had a crystal ball however I am certain many of you would have a better idea than me.
In speaking with the agents I would have though the property would be easier to sell with a lease in place however much to my surprise I was informed that they are selling easier at the moment when "vacant"??
Anyways, with all the new homes, land releases, looming mining tax, companies not taking on many new leases, plans for a "Biger Australia", mining accomodation camps etc.........Would you recommend we sell and realise our gains or ride it out for a couple more years ?
What do you see happening to supply and demand and market pricing (rents and capital growth) over the next 2 - 3 years in Karratha?
Like everyone..... I wish I had a crystal ball however I am certain many of you would have a better idea than me.