HA888:
I'm still confused as to why people are not buying in Horsham for that price....
"
They" are...HandyAndy888, as wonderful, as informative, as good as this forum is (Somersoft), it is a very small part of the universe, and of people's lives.
The Horshams, Bendigo, Ballarat, Wodonga, Shepparton, Swan Hill, Ararat, Mildura, Geelong, Gippsland area, Hamilton, Warrnambools etc...the regional/rural cities/towns
are being invested in.
Regional Victoria (for those that choose) is an affordable, plentiful, bounty of $$$ to hunt in. It is not the beast of metro, nor is it as "special" as coastal, but it is good, solid investing, there is opportunity to buy well, there is opportunity for strong rental return, there is good, solid growth if you do research and diligence well.
There are investors that fly in from interstate, there are investors that buy over phone-(never see their IP's), there are mums and dads there with one or two, younger people there that are using these regionals as a starting point, very happy with their affordable buying, there are locals there that own good portions of the cities.
Multi millionaires.
Some of them have never seen a computer, some of them don't even own a fax machine, some of them you would never pick as having two bob to rub together, and might be mowing lawns just for the exercise, the handyguy-just for fun,...all the time doing, (and creating), deals that would make you smile.
Regionals offer very good investing, provided you do your diligence, your research...true, they are not for everyone. No doubt if I lived within surburbia and metro I would be sniffing around my own backyard there for deals and opportunities..maybe not.
Buy well, building and buying well has served us well, rental returns and growth is ticking over, it keeps feeding the investing beast in us, giving us equity for more...so far so good. All regional cities so far.
Somersoft. Property Investing forum are....a
minute, concentration of people that gather to learn, comment, or share information, it is a resource, but like all resources it has it's limitations, a limited number of people that contribute...and within that, people, investors are all different...from all walks of life, I would say there are many a deal going down that are not posted up here.