Can mining towns pave the property investment path with gold?
Mining towns have the potential to deliver to real estate investors double the rent of a capital city property at around a quarter of the purchase price.
Towns like Kalgoorlie and Mudgee have seen substantial property price and rent increases over the past few years. (Image source: Shutterstock.com)
If an investment property near a pit mine in a desert town sounds like a risk of digging yourself into an investment hole, then consider median house prices in a town like Western Australia’s Kalgoorlie
, which can be a quarter the price of Sydney’s and offer double the rental returns, or more.Mining towns have a justified reputation for volatility but for investors with eye for rental yields and capital growth when other city markets are ebbing…
