Morning All,
It seems the potential of Albury is untapped in relation to its diverse industry base and self-economy.
I do note that vacancy rates are 2% and that the demographics of the region are lower than the state average.
I am currently looking at the areas of East Albury and Lavington to buy a block of units. Strata units would be preferable. I am looking over 4 units with 2 bedrooms at least in each unit or alternatively 2 units/villas with a yield of over 10%. My end goal is for them to be positively geared.
My questions to the general audience is:
In your opinion is Albury a good choice to invest? Would you invest there or have you invested there? (Never been there)
Do you see the outlook as bright as me, with there population growth set to rise 30% over 20 years?
It seems like there are a lot of single level unit blocks around, very dense residential centres. Is the crime rate low or not?
What are the good and bad areas of Albury?
Would you buy a unit block or build units?
Does anyone understand the planning for Albury, what kind of blocks can you build units/townhouses on?
Thanks in advance.
Regards,
Deci
It seems the potential of Albury is untapped in relation to its diverse industry base and self-economy.
I do note that vacancy rates are 2% and that the demographics of the region are lower than the state average.
I am currently looking at the areas of East Albury and Lavington to buy a block of units. Strata units would be preferable. I am looking over 4 units with 2 bedrooms at least in each unit or alternatively 2 units/villas with a yield of over 10%. My end goal is for them to be positively geared.
My questions to the general audience is:
In your opinion is Albury a good choice to invest? Would you invest there or have you invested there? (Never been there)
Do you see the outlook as bright as me, with there population growth set to rise 30% over 20 years?
It seems like there are a lot of single level unit blocks around, very dense residential centres. Is the crime rate low or not?
What are the good and bad areas of Albury?
Would you buy a unit block or build units?
Does anyone understand the planning for Albury, what kind of blocks can you build units/townhouses on?
Thanks in advance.
Regards,
Deci