Hey Guys, I have been doing some prelim research on a ‘speculative’ investment. It’s a small town in Northern WA (about 37kms from NT border). Main driver for investment in this town is Project Sea Dragon ($1.45 billion Prawn Farm). The town’s Population is circa 7,000 and this farm is expected to generate another 1,600 jobs. Essentially, the population will increase > 20% over construction & operation phase (within next 5 years). My play here would be purchase relatively new 4bed, 2 bath house in desirable (newish) area. The houses are only just negatively geared and purchase prices circa $450k. target market would be upper/executive management due to quality of tenants & less maintenance/repairs. I’m predicting rents will increase due to the desirable area & also the majority of executives/upper management will be relocated by their employer, eliminating most price negotiations. I’m looking at a buy & hold strategy for 5 years, selling at some point along the upswing. Looking at it simply, supply & demand increases prices & I believe this type of dwelling will be in high demand due to population growth. Note: i would not be purchasing until the project is certain to go ahead, to eliminate risk of getting stuck with a property in the middle of nowhere with minimal GC prospects. Thoughts anyone?