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Block Of Land Warburton/East Warburton ???

Discussion in 'General Property Chat' started by Yasir, 13th Jul, 2016.

  1. Yasir

    Yasir New Member

    Joined:
    24th May, 2016
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    Location:
    Truganina
    Hi Guy ,
    I am new to this group . I am looking at buying my first IP . I want to start with something really small , in regards to cash . Something that I can invest in and maybe forget about it for good 10 yrs + .

    In Warburton $80 k gets you around 2500 sqm of land .

    What do you guys suggest ? Good investment ? Any downside ?
     
  2. JenW

    JenW Well-Known Member

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    Perth, WA
    Warburton is predominantly a remote Aboriginal community. I believe there are a handful of other people there - the local shop keeper, probably some government workers - but it is in the middle of nowhere. It's 750kms away from Kalgoorlie, the nearest regional centre - probably an eight hour drive, depending on whether the roads are dry or not - I imagine when it's flood season Warburton is completely cut off apart from helicopter access.

    You are surely taking the piss.
     
  3. JenW

    JenW Well-Known Member

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    Oh and one last thing I forgot to add - if 2500m2 is worth $80K now, it will still be worth $80 in ten, fifteen, twenty years' time.
     
  4. Yasir

    Yasir New Member

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    24th May, 2016
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    Truganina
    Hi Jen,
    I was talking about East Warburton , almost an hours drive from Lilydale in Vic . Why would any one buy a block of land / invest in a remote Aboriginal community :) . Any idea about Warburton in Victoria .

    Google Maps
     
    Cactus likes this.
  5. Chrispy

    Chrispy Well-Known Member Premium Member

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  6. JenW

    JenW Well-Known Member

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    Perth, WA
    Well, thank God for that, is all I can say!! This is one occasion where I am delighted to be wrong!! :D

    Edited to add: But if my husband asks, I admitted nothing ;)
     
  7. UrbanDingo

    UrbanDingo Member

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    29th Jul, 2015
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    warburton is more of a lifestyle place........not a place to invest........it is fire prone too.............