Search results

Good to read your thoughts Macka and I agree with your reasons for buying there. Sometimes you have to compromise between the ideal investment and a pretty good one that you actually enjoy living in. And if course, if you enjoy living in it, that means that other people will in the future...

Ah, good to hear. This will be good for the area over time. I still think it will take quite a while for the reputation to be fully cleansed, but I might be wrong. I might end up trying to get a cheap little PPoR in Carrington/Wickham, renovate it and live there for a while trying to ride...

These areas sound good to me, particularly when you can get in for <$300k still. Carrington/Wickham is the kind of area to me, that could quite easily become like a fancy "Port Melbourne" in the not too distant future. There is just only so much harbour side land available and so it seems...

Interesting to hear. I'm going to let it cool off then, perhaps it will drop down another 10-30k again with another interest rate rise later in the year. I won't buy into a local boom again.. (Did that once, and renovated/landscaped and it took years to wait for the market to kick up further...

Ta Lizzie. So you reckon yields are definitely increasing etc? Hmm... Whether to buy a more expensive place (350-400k) drowning myself in non-deductible debt (bad idea), or to go further regional for the cheaper places, manufacture some equity, then come back into the nicer areas later. I'm...

Thanks for the thoughts everyone. Yeah wow 300k basically buys you a dump in a bad suburb these days. 330k-350k seems to be a rough barrier where you can start to get some reasonable places in reasonable suburbs. I'll have to increase my budget, but I'll still aim to negotiate a strong deal. The...

Ok let's talk Newcastle suburbs.. The place is getting more and more well known as a convenient alternative to Sydney. The climate is better than Sydney's and the people are more laid back. Traffic and other issues aren't as severe and property is much cheaper than Sydney. I grew up there and...