Hi guys, what do you think about these? (2 are in the north, which from I read can be quite rough depending on which block, 1 is in the east).
560 Resolution Street, North Albury
http://www.domain.com.au/2010789605
330 Wantigong Street, North Albury
http://www.domain.com.au/2008408198
195 Andrews Street, East Albury
http://www.domain.com.au/2010893145
We're primarily interested as the entry fee is quite low and, since it can bring in positive cash flow, we can hold on to it as a long-term investment. We realised it might not have a booming capital growth in the next 5-10 years so we've put into calculation not to rely on using its equity. We do hope after 10+ years it has capital growth though.
Would love to hear your advise, especially the locals (poppy jane, aussieslr).
Thank you
Hi Dnk and other posters,
There are four really well known areas of Albury that are very rough. They are;
1. Eastern Circuit area of East Albury. The Andrews St house linked is very close by and would have crime problems.
2. Jackaranda St area of West Albury.
3. North of Kaitlers Rd out in Lavington. As one of the other posters said its the area with the streets starting with G.
4. Glenroy. Google maps is a bit misleading on this one. The dodgy bit is actually in North Albury bordered by Ryan Rd, Burrows Rd and Cpt Cook Drive. Resolution St is very close to this area.
Buying in these areas isn't for the faint hearted but things can change greatly in a few streets. As I've said before come down for a drive.
Have a look at this link that I stole of another thread - http://atlas.id.com.au/albury/ (just copy it into google)
The rent social housing map gives a pretty good indication of whats going on in Albury. My tip is the section in white smack in the middle of North Albury between Union/Logan and Alemien Ave/Mate St. Wantigong Street is in the area. I walked my dog through there and it is a value adders paradise.
I agree with Devank also. Wodonga is getting a new city centre due to the rail line being moved. Places can be purchased very close to this area around the $200K mark with good rental yield. In 5 - 10 yrs this could be the place to live once the main street is decongessed and a few more diners/restaurants move in. I'd be checking with Wodonga council about the changes and getting some info on the shopping centres being built in the area too. Exciting time for Wodonga folk.
Hope this helps.
