Pilbara property

Does anyone have any news or views on the Pilbara, places like Karratha and Pt Hedland?
Have things stabilized their yet or are they still heading south?
Whats happening with rent (can u actually get a tenant?)

Cheers,

smallbuyer

 

Seems property listing low price are selling fast, this is what I observed in real estate.com

 

Just had a quick look at rental vacancies for both on realestate.com.au. No specifying criteria (eg. number of bedrooms, number of bathrooms), just rental vacancies.
Vacancies in Karratha: 4
Vacancies in Port Hedland: 72

Take from that what you will.

 

Wiuldnt take much from that,
Real fugures are Karratha 194 and PH 72
Karratha is made up of sbout 6 or 7 suburbs so you cant just search the town name.
South hedland vacancy is very high but PH vacsncy has decreased 20% in past couple of months

 

just check out rental listings, is there still over supply?

 

indeed looking at rental propeties, many vacancies

 

I guess you would be buying for cash flow if it takes too long to rent then it may be a risky proposition
I started a thread on mining towns and % they have dropped you may be interested in this thread

 

Yes, i read it. Not sure when it will rebound or not, may be after 10 yrs, we can then look back and see.

 

Highly speculative so only consider if you can afford to loose!