Don’t be freaked out by rising interest rates. They’ve risen and fallen in the past and will rise and fall in the future. Focus on the longer term, not what the banks are doing today. If you believe investing in real estate can provide sound, long term growth then don’t wait. Buy now while prices in Northam are still very modest and affordable.

You’ll be sorry if you pass up the opportunity to acquire this semi-rural property on the outskirts of Northam, a major regional country town, only 100km from Perth yet less than 1.5km from the centre of the town’s pretty Avon River foreshore. Enjoy a country lifestyle while easily commuting to Perth on the upgraded Great Eastern Highway or ride the daily AvonLink commuter train.

The 9 acres of land included with the property is serviced with power, water and phone and is zoned Rural Residential where minimum lot sizes are 1 Hectare so there is a possibility of enhancing your investment through subdivision and onselling.

A 1950s brick and tile home at the property is currently fetching $165pw and the lease expires in May 2008 so vacant possession of the property can be arranged at settlement for an owner-occupier buyer or an investor buyer can seize the opportunity to increase the rent to the current market rate over $200pw.

The house features jarrah floor boards and has three bedrooms, an open fire place and refrigerated air conditioner in the lounge room, original Metters No 2
wood fired stove and an electric stove in the kitchen, 125L electric hot water unit, front and back verandahs, lockup steel garage and store shed.

A couple of ducks live on the pond at the far end of the big paddock