Hi folks.. hoping you guys will provide some input on this.
Just about to sign up for a house & land package for a 4x2 IP in South Hedlands (Catamore) which will cost just about $800k. Speaking to local real estate agents I get that it would fetch around $1,900 to $2,000 a week in rent. Just on the face value it sounds a good decision but I am concerned about the likelihood of property being vacant and struggle to sell the property down the line if there is any slump in the Hedland economy that affects these properties...
But on the other hand you hear news such as new shopping centre, new parks, new childcare centres, the likes of Woolworths & Harvey Norman opening branches in South Hedland which makes you feel you are making a right decision..
Can't afford to get this wrong as vacancy or drop in capital value will simply wipe me off.. Wondering if you guys can share your thoughts to help me make an informed decision.
Thanks.
Just about to sign up for a house & land package for a 4x2 IP in South Hedlands (Catamore) which will cost just about $800k. Speaking to local real estate agents I get that it would fetch around $1,900 to $2,000 a week in rent. Just on the face value it sounds a good decision but I am concerned about the likelihood of property being vacant and struggle to sell the property down the line if there is any slump in the Hedland economy that affects these properties...
But on the other hand you hear news such as new shopping centre, new parks, new childcare centres, the likes of Woolworths & Harvey Norman opening branches in South Hedland which makes you feel you are making a right decision..
Can't afford to get this wrong as vacancy or drop in capital value will simply wipe me off.. Wondering if you guys can share your thoughts to help me make an informed decision.
Thanks.