Pilbara Property Investors Lose Half As Prices 'Hit Rock Bottom'
  • 16 February 2016

Pilbara Property Investors Lose Half As Prices 'Hit Rock Bottom'

“Property prices in the Pilbara town of Karratha have halved to their lowest level in 11 years as the mining town suffers a double blow from falling iron ore and oil prices. Desperate sellers are slashing asking prices by more than $100,000 and some homeowners have been left nursing losses of nearly $300,000 on properties they bought just two years …

Related Posts

Sydney Property Is Back — And The Smart Money Knows It

Sydney Property Is Back — And The Smart Money Knows It

For years, the talk has been that Sydney is too expensive, that the best time to buy has passed, and that the market will cool. Yet history shows Sydney never stays quiet for long. After the Reserve Bank’s first interest rate cut earlier this year, buyer activity lifted and clearance rates rose above 70 per cent...

Brisbane’s Global Moment: Why Investors Should Look North

Brisbane’s Global Moment: Why Investors Should Look North

Brisbane is no longer the quiet achiever of Australia’s property market. It has emerged as the nation’s fastest growing capital city, outpacing Sydney, Melbourne and Perth on key economic and demographic fronts. For property investors, this is more than a local story, it is a global one. A Population Boom with...

Are You Overpaying on Your Mortgage?

Are You Overpaying on Your Mortgage?

When was the last time you actually looked at your loan structure? Not just the interest rate flashing on your statement but the whole picture. The difference between a mortgage that drains you and one that frees you up comes down to structure. In a cost of living crunch, that difference matters. The Silent Money...

Become a Member Today!

Our mission is to help the average Australian learn the property market dynamics and discover the amazing opportunities that exist in real estate.