Moranbah,Queensland (Mining Town)
- Thread starter DPF
- Start date
Hi there,
Gentle Chief is a member on SS who purchased in Moranbah a year or so ago as I recall, try running a search on here on the topic.
Cheers, Jo.
Gentle Chief is a member on SS who purchased in Moranbah a year or so ago as I recall, try running a search on here on the topic.
Cheers, Jo.
Thanks Silversands.
Hi DPF,
We bought in Moranbah in May 08. A 3 bedroom house on grosvenor drive for 330K renting with Arrow Energy (CH4 Plant) for 550 pw. Still renting with the same company for 650 pw and had a recent revaluation come in at 380K. Nothing extraordinary but still quite happy with the returns. Infact, over the last year I have learnt, the nature of the market in Moranbah is one of ups and downs. I had seen similar properties selling for 420+ 3-4 months back and now its settled back to the high 300s. Its a good time to buy now, in my h.opinion, and would suggest to buy newer properties as they tend to rent better even at downturns.
Good luck,
Cheers,
GC.
Hi DPF,
We bought in Moranbah in May 08. A 3 bedroom house on grosvenor drive for 330K renting with Arrow Energy (CH4 Plant) for 550 pw. Still renting with the same company for 650 pw and had a recent revaluation come in at 380K. Nothing extraordinary but still quite happy with the returns. Infact, over the last year I have learnt, the nature of the market in Moranbah is one of ups and downs. I had seen similar properties selling for 420+ 3-4 months back and now its settled back to the high 300s. Its a good time to buy now, in my h.opinion, and would suggest to buy newer properties as they tend to rent better even at downturns.
Good luck,
Cheers,
GC.
