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(L-R) Zander, Megan, Mac, Jonty and Wylie Philp (L-R)Brooke, Mardi and Colin Steve Beale and Chris Dunphy, MIPEC (L-R)Tyce , Lauren Pingel and Tashia Marshall NAIDOC Dancers Under 17 Boys mine Denyse Major and Keagan Freeman csg Uncle Randolf and Lynda Connell with footballs painted by Angus Row Row (L-R)Channing, Cooper Collis, Kynan, Tanya Jeffrey, Jakyah-Lee, Jahli, Jurakai and Kaylee Doyle Port Aboutusgenericimage_3 Under 16 Girls with coach Miranda Baker Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup
(L-R) Zander, Megan, Mac, Jonty and Wylie Philp (L-R)Brooke, Mardi and Colin Steve Beale and Chris Dunphy, MIPEC (L-R)Tyce , Lauren Pingel and Tashia Marshall NAIDOC Dancers Under 17 Boys mine Denyse Major and Keagan Freeman csg Uncle Randolf and Lynda Connell with footballs painted by Angus Row Row (L-R)Channing, Cooper Collis, Kynan, Tanya Jeffrey, Jakyah-Lee, Jahli, Jurakai and Kaylee Doyle Port Aboutusgenericimage_3

$500K to invest?
How far would it get you if you were looking to buy back into resources regions?
Wednesday 05 July 2017  

Valuers Herron Todd White (HTW) say the ball remains firmly in the court of buyers across Central Queensland, despite the recovering fortunes of the mining sector.

Armed with $500,000 a residential property investor is faced with huge choice everywhere from Collinsville to Chinchilla, as an ongoing oversupply of boom-built property looks for buyers who are still nervous about the future.

According to HTW, you would have plenty of choice in Emerald where the market appears to be waiting for the coal price to stabilise.

“$500,000 would allow you to buy a residential or rural residential property in approximately 90% of the Emerald market,” they said.

“ Good quality five-year-old homes are selling from $450,000 to $500,000, with pool and shed or you could buy four units in the current depressed market.”

In Rockhampton, HTW says the housing market has still not hit bottom, although they anticipate it is not that far away.

“People looking to invest $500,000 within Rockhampton and surrounding areas are presented with a number of options including newly built homes, existing homes, duplexes and units,” they said.

“Resales around the greater Rockhampton area indicate that most properties have remained stable or had modest increases [in the last 12 months] depending on location and quality.

“While the short-term capital growth outlook may be limited, high cattle prices, increasing coal prices and a number of proposed projects means that there is potential for the property clock to move upwards.”

In Mackay - the epicentre of the downturn and property price crash - HTW says they have reached the bottom.

“For investors, anecdotal evidence from agents indicates that rental vacancies are starting to tighten and in some cases, rental values have increased slightly.

“For an investor with half a million, there have been recent sales of duplex and small flat buildings.

“For under half a million dollars there have been buildings containing four or five units selling under $500,000 with gross yields between 8% and 9%.

“Older style duplex properties have been selling between $250,000 and $300,000 on gross yields around the 7% mark.”


 

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