SA Port Augusta

Discussion in 'Where to Buy' started by Alain, 22nd Nov, 2016.

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  1. Higgo

    Higgo Member

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    Great news for Whyalla and surrounding towns!
     
  2. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    Higgo likes this.
  3. Higgo

    Higgo Member

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    Great news, the coal loading facilities weren't demolished, rumours were that Ozminerals were going to take over the site to load their ore from Carapeteena copper/gold mine onto rail, as all the infrastructure is still there. Maybe a joint venture!
     
    ollidrac nosaj likes this.
  4. radioactive

    radioactive Well-Known Member

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    You cant borrow 150 k to invest in shares and get 4%
     
  5. Erica

    Erica Well-Known Member

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    Yeah ya can, if you have a property with some equity in it, and a Line of Credit secured against it, you can use borrowed funds to invest in anything you like (or blow it all on a car or holiday :eek:).

    Back prior to 2007 we had what was called a 'margin loan' secured against shares (at 8% interest!!) not sure if margin loans are still on offer these days, we were all smiles when our shares were returning 20%, not so much smiles post GFC when bank notified us of a 'margin call'.

    Edit, i just had a quick google, margin loans are still available, but with 6.8%- 7.2% interest you'd want to know which stocks are going to perform better than that.
     
    Last edited: 4th Feb, 2019
    ollidrac nosaj likes this.
  6. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    Port Augusta property sector set to surge

    "Port Augusta’s property market experienced a major up-cycle for five years from 2003 to 2008, with four consecutive years in which the median house price grew more than 20 per cent,” he said.

    "Since then the Port Augusta property market has struggled to maintain equilibrium and its long-term growth average is now in negative territory."

    "However, a small glimmer of improvement has been recorded in the last three months; the median price has risen by $4000 from $144,000 to $148,000, though prices are still lower than they were years ago.

    “That said, several factors are now working in Port Augusta’s favour ... and it’s tipped to experience investment growth between 2018 and 2021.”
     
    Higgo likes this.
  7. WillieWoo20

    WillieWoo20 Member

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    What’s everybody’s latest thoughts on the prospects of Port Augusta as a place for investing in?
     
  8. Baker

    Baker Well-Known Member

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    That thought had never crossed my mind. Now that it has I will not have it again.
     
  9. Simon Hampel

    Simon Hampel Founder Staff Member

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    What attracts you to the idea of investing in Port Augusta?
     
  10. boganfromlogan

    boganfromlogan Well-Known Member

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    Port Lincoln is nice.

    Reading this thread, all the locals say NO, but spreadsheet warriors from interstate say 'yes' . A small place has big percentage changes via small increments in population etc.

    But Port Lincoln, that nice, has a good history, fishing, muscles, Diva's.

    Ur looking at wrong port ( imho )
     
  11. Simon Hampel

    Simon Hampel Founder Staff Member

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    In both directions.
     
  12. Alex123711

    Alex123711 Well-Known Member

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    Any thoughts on Port Augusta/ Lincoln now? They have gone up a bit since covid.
     
  13. Simon Hampel

    Simon Hampel Founder Staff Member

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    So has everything else. The question is - will the growth continue? What is going to be the underlying driver of growth in these areas? Is the population growing? Are unemployment levels low? Are there new jobs being created?

    Curious to know what the current rental vacancy rates are for PA/PL.
     
    frankjeager likes this.

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