Has there ever been a more certain bet in residential real estate investment than what Mackay offers right now??
Please read the following article from The Australian:
We have high quality house and land packages in the best estates in Mackay for around $500,000 that are cash flow positive for most investors. So they pay you money to own!! Not only that but the QLD govt currently give’s you $10K cash for the privilege.If that $500K grows at just over 7% for the next 10 years you make $500,000. At 7% growth this would be lower than the national long term average for houses for the past 60 years. If you average 10%, which is around the nations long term average, you would make just under $800,000.
From the mining projects outlined in the article above Mackay is going to experience massive population growth. Before most of these unprecedented announcements the population was set to grow by 70% in 10 to 15 years. That’s almost like building another Mackay all over again!!
This population growth will come from well-paid miners, on incomes far higher than the national average. So there are no affordability issues like the majority of the countries property markets supposedly are under. It’s hard to see how supply of housing in Mackay can possibly meet demand. And that’s total supply. So what do you think will happen to the prices in the most desirable estates??
If you want more information about this call me, but don’t delay too long as land prices are rising right now.
Thanks
Chris Halpin
0438 833262
www.estatesforsale.com.au
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