Mt Isa

[HOUSE5]

I purchased a property in Mt Isa recently for $121,000 and it rents for $350 per week.
I know it sounds too good to be true but it is indeed true.

How's that for a positive cashflow property!

 

[landlubber]

Did you have the soil tested ?

LL

http://news.theage.com.au/mt-isa-cant-ignore-lead-threat-govt/20080415-269v.html

 

[Butters]

Didn't Mt Isa got voted one of the worst place to buy just recently?

http://www.news.com.au/business/money/story/0,25479,23613617-5013951,00.html

 

[Lollie]

Even if capital growth is stagnated for a while, for whatever reason, you have a good buffer, it's a good yield - well done!

 

[Ausprop]

Didn't Mt Isa got voted one of the worst place to buy just recently?

http://www.news.com.au/business/money/story/0,25479,23613617-5013951,00.html

it's also listed bythe same guys as one of the best areas to invest... work that one out