Portland, Victoria

[fozzy]

Hi All,

We are looking to buy our second investment property and one of the areas we are interested in is Portland. Just wondering if anyone has any experience or opinions regarding Portland.

 

[NorwegianBlue]

The Portland aluminium smelter will be killed dead by the Emissions Trading Scheme, should it come to pass. Even if it gets a excluded, the mooted 2nd production line will be out of the question.

Single industry town... what's there to like?

 

[The_Bludger]

Single industry town... what's there to like?

The annual Bluefin Tuna run?

 

[pursefattener]

Hi Foz , there is quite a lot being spent on the port there at the moment and in time it will become more valuable to the region . A lot of the timber being harvested will no doubt have to go through there .

Have you looked at Warrnambool nearby ...? Currently the fastest growing place in regional Victoria . I have propertys there and the rental market is tight .

 

[fozzy]

Thanks for the replies.

Pursefattener, we hadn't looked at Warrnambool, but I am going to look at it now.

 

[pursefattener]

Fozz I picked up the API magazine today and I see an investor from Portland is profiled in there . Actually i think he owns an estate agency there ( read into that what you like...)

I have investments also in nearby Mortlake where the new power station is to be built . Origin Energy say they will be starting construction there in December . The rental market is fairly tight there also so you can see what's going to happen......What got you interested in Portland ?

 

[fozzy]

Hi Pursefattener,

I saw that article as well. I phoned that bloke's real estate agency and spoke to his property manager. Portland wasn't somewhere that I had thought of before, but someone suggested it as a possible place. It has some cheap houses and there seems to be a few different industries there. We had been looking at Mount Gambier before that.