This development is modern and attractive, new housing is scarce and tenants are waiting! We offer into the market 10 duplex style dwellings (Stage 1) in this exciting solid region for investment. Rivergum Estate is strategically located at Mt Isa suburb of Miles End. This project offers great investor returns with an approximate rental yield of 8%. Mt Isa is also the major administrative and financial centre for North-West QLD.

Mt Isa has had an impressive history of growth which has been underpinned by the solidity of the Mount Isa mine as the largest local employer.

The Mt Isa region has projects with a potential value of over $5 Billion at various stages of development, including 7 copper mines, 2 lead mines, 2 zinc mine projects, 1 phosphate and 1 uranium mine. (Quote Bureau of Resources and Energy Economics, Resources and Energy Sector October 2012 Australian Government) Plus the Queensland Government has just recently overturned the ban on uranium mining in Australia. There are 12 confirmed potential uranium deposits in this region. Its population over the last 5 years has grown by 3.1%pa nearly double the national average. Additional growth is predicted a nd estimated due to the solid additional investment in the area. Glencore Xstrata owns and operates the Mt Isa mine which is the largest employer in the region, currently employing over 5000 employees or contractors. Market Snapshot? Demand for new houses has increased but housing supply has not! There are many more potential buyers than available houses. RPData estimates that there are 6 people looking for a home for every one house that is available on the market, plus the vacancy rate is currently very low. There is an acute shortage of modern quality stock, and the majority of the housing is old. This quality project is situated in the suburb area known as Miles End. It is a secure and gated estate. Mt Isa city is landlocked, areas suitable for development are restricted by mining tenements and by native title claims.

Property Description:
* Ideal SMSF Duplex Properties
* Completion Due End of August 2014
* Long Term Lease Agreements already in place on Furnished Lots
* Low Body Corporate
* Excellent Returns!!!

Development Features:
* Accessible to 16 schools from primary to secondary and TAFE
* Nearby shopping centres
* Easy to access routes

*Pictures are indicative only*

Property Code: 2005870362