Monday, July 8, 2013

Inglewood, South Hedland and Derby are "immune"

Australian Property Investor came out to report that three places in WA are immune to price drops. Inglewood, South Hedland and Derby were among 152 places around Australia which never had a drop in average house value since 2003. Inglewood has had a 9.3% growth over the last 10 years and gross rent yield is at 4%. The other two places, South Hedland and Derby, are not in the Perth metro area and their growth has been pushed along by the mining boom.

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