Hi there,
I may be kidding myself but I am looking at the following areas :
Narromine
Nyngan
Gunnedah
Quirindi
Kandos
Cheers
Hi all,
Narromine - I'm still trying to work this one out. It is relatively close to Dubbo and people do that commute everyday. But the town itself is a bit slow in someways and there isn't much of an infrasstructure there. Most poeple go to Dubbo for their weekly shopping. Narromine does have a good airport trhough which is used for gliding championships etc and i believe that there is sometype of aviation museum going in there as well. Water and dried up rivers may be an issue there in the future though. Dubbo may be better though as the retail sector in Narromine is drying up as more people do their major shopping n Dubbo.
Nyngan - for some reason, some articles are referring to this town as a mining town but it beats me what they mine there. Cobar and Brewarrina are mining towns but i don't know aboiut Nyngan - unless they have found something there in the last few years. Nyngan is a service town though for the local cockies but not as much of a service town compared to Dubbo.
Speaking of Dubbo, you can pick up 3 bedroom brick rentals in East Dubbo for around 200k that are being rented for about 210 per week. You may get some older weatherboard homes in Sth Dubbo and West Dubbo for 200k. At least with those places, you will get a more steady rental base and if yuou do look in East Dubbo then you may also target the uni and TAFE students. Just be wary of the soil in some of the areas of East Dubbo.
Quirindi may be something to watch as it is in the northern areas where the newer northern coal seams may stretch too. This could be something to check and follow up. Top Cropper maybe able to advise on that.
Kandos - cold and bleak. But relatiovely easy drive to Sydney. It isn't a commutable drive but could be something for a weekender for someone. But it isn't a very nice area.
Another place that may interest you is
Mudgee. That place is growing and is becoming a good toursit centre because of the wineries and newly established boutique brewery there. It is growing and the retail and service sector is a catchment area for the region (same as Dubbo).
To summarise - don;t just look at the samll towns and the numbers only, but look as to what is happeing in the towns and also look at the larger regional centres that are catchment areas for the region. Places like Dubbo, Orange, Bathurst, Goulbourn, Mudgee etc fall into this bracket.
Some of the things that may give you a good understanding of the town are:
- how many shops are for sale or for lease
- what are the supermarkets/major chains doing
- any new schools or major developments
- any industry
- is it a catchment area for the surrounding areas
- any uni campuses
- etc
Look at things like that. Also, as part of your DD, check the online versions of the local newspapers and see what is happening in the town.
Good luck
g