Kingaroy , QLD, any thoughts ?

Discussion in 'Where to Buy' started by rajorich, 12th Mar, 2017.

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  1. rajorich

    rajorich Member

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    Friends,

    What is you opinion on Kingaroy , QLD.
    Good fundamentals , no mining dependencies , diverse economy ,small but self reliant .
    Would like to understand if anyone has brought any property in past or have local first hand on ground experience ,Ta.
     
    rajorich, 12th Mar, 2017
    #1
  2. Pier1

    Pier1 Well-Known Member

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    Run
     
    Pier1, 12th Mar, 2017
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  3. Spoony

    Spoony Well-Known Member

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    It's the major centre for the South Burnett region, though I can't see much that would drive growth going on there unless Peanuts get even more popular and expensive.
     
    Spoony, 12th Mar, 2017
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  4. rajorich

    rajorich Member

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    Its that bad ? i could see it had a bad run lately post 2011 ,(could see oversupply on hill side - acre state etc) but thought fundamental is good ,may be not by the look of your answer though
     
    rajorich, 12th Mar, 2017
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  5. MJS1034

    MJS1034 Well-Known Member

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    Agreed. Stay clear

    Much prefer something 200km East of there.
     
    MJS1034, 12th Mar, 2017
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  6. kierank

    kierank Well-Known Member

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    I hear you can get property there for peanuts!!
     
    kierank, 12th Mar, 2017
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  7. Coastal

    Coastal Well-Known Member

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    There is an awfully high number of properties on sale on the market compared to number of sales per annum.

    Days on market is high. Agents advise the hilly side of town is better.

    Overtime it may benefit from Brisbane Growth - as the cycle moves that way from Brisbane.
     
    Coastal, 13th Mar, 2017
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  8. strongy1986

    strongy1986 Well-Known Member

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    Vacancy is a bit higher than you would like and the yield is only 6.5%
    Better regional options than kingaroy i reckon
     
    strongy1986, 14th Mar, 2017
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