Looking for Investment Properties?
One very vital part of looking for investment properties is whether the area will sustain rental properties and if there will be a continuing and even, growing demand for rentals. In this vein mining towns have always been well loved and Gladstone, Queensland is one town that is set to keep on growing in relation to its rental demand. Gladstone has been known for its coal mining and in fact to the year end June 2010 had exported a record 60.4 million tonnes from the coat terminal. In August shell and a subsidiary of PetroChina bought coal seam gas company Arrow energy and this may well result in the acceleration of the construction of the proposed LNG processing plant on Gladstone’s Curtis Island. It is this type of commercial announcement that property investors should look for as signs to research the area as these huge developments have a construction time and then followed by a workforce operation team.
During the construction phase it is often possible to have a company take the head lease of a property so that they can ensure their workers will have a roof over their head, knowing that there will be a strong demand for accommodation. If you are interested in going down this path, consider quality accommodation and even providing fully furnished properties because workers will only be in the town for months at a time. More often than not these properties can be let in a positive gearing situation.
Throughout Australia these types of opportunities are coming up all the time and it is just a matter of being in the know. Our Buyers Agent services, at We Find Houses, have connections all around Australia and we have firsthand information as to local prices and can secure properties before they even come on the open market. Just give us a ring and find out how these services work to your advantage.
