Positive cashflow in Roxby Downs, SA

Some of you may be interested in the following:

Roxby Downs is a mining town in SA with a population of 4000 and maqny workers coming and going according to work availability. There is up to 70 years potential output from the mine. I visited Myall Grove caravan park where they have a number of villas used for accomodation for a minimum of 3 months or more. Details as follows:

Prices between $10000 and $40000
Site rental (site rent, rates, water etc) paid by villa owner/investor: $70 - $100 pw
Rental income: $150 - $200 pw
Property Management: 10% (not compulsory)

Some of these were built as early as 1997 and a few of them also come furnished. The site manager, Vicki Knowles (08) 8671 1991, said vacancy could be 3 to 4 weeks per year.

If any of you are interested or have any questions, just give Vicki a call.

Cheers,

Tim
 
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