Best Area Under $200K with good yield

[SOULFLY3]

Taree isnt too bad!

 

[D.T.]

Thanks for all the replies so far, good to hear everybody's thoughts on this. I have been doing some research on the following areas, any comments muchly appreciated;

Logan - Townhouses
Wagga Wagga
Tamworth
Albury
Elizabeth
Orange

Cheers

Cash Flows

Careful with Orange, heaps of houses are designated as owner occupier only.

 

[Corey Batt]

Careful with Orange, heaps of houses are designated as owner occupier only.

So what you're saying DT, is that you think some of those Orange properties may be Lemons?

Couldn't help it.

 

[chilliblue]

Some parts of Orange have an 8% vacancy rate so I would be careful

 

[CHAOS]

What is considered a good yield?

 

[Cash Flows]

Thanks for the heads up RE Orange.

Good yield is 7+% in my view.

 

[RetireRich101]

For Tamworth, you would only get above 7% on the rougher side of Tamworth, such as Coledale. I think that area is a mix of Housing Commission and Aborigines

 

[CHAOS]

Thanks cash flows. Just re-read your original post where you said 7%+.

 

[ww2_nut]

For Tamworth, you would only get above 7% on the rougher side of Tamworth, such as Coledale. I think that area is a mix of Housing Commission and Aborigines

The above isn't racist at all

 

[FelixL]

I am only looking at places within 1 hour commute of capital cities, so my current search area is Logan and Elizabeth. With Logan a little ahead since the people sick of the Sydney/Melboune price tend to migrate up to the sunshine state

 

[Brady]

Thanks for all the replies so far, good to hear everybody's thoughts on this. I have been doing some research on the following areas, any comments muchly appreciated;

Logan - Townhouses
Wagga Wagga
Tamworth
Albury
Elizabeth
Orange

Cheers

Cash Flows

Not a bad list

I have property in

Elizabeth (East)
Wagga Wagga (mount Austin)
Not orange (but west Bathurst)

All have been great cash cows, with some growth as well. Not a single day of vacancy for each (touch wood)

 

[Cherry Pro]

Suggest the Ipswich area, with prices in Logan clearly on the rise, might be time to look at that corridoor.

 

[twodogs]

The above isn't racist at all

I didn't know Housing Commission was a race

 

[ww2_nut]

I didn't know Housing Commission was a race

I was referring to the inclusion of "aboriginals" in the statement

 

[Corey Batt]

I was referring to the inclusion of "aboriginals" in the statement

The correct term is Aborigines.

Is it racist if I say that the Western Suburbsin Adelaide is a largely Greek/Italian area?

 

[ww2_nut]

The correct term is Aborigines.

Is it racist if I say that the Western Suburbsin Adelaide is a largely Greek/Italian area?

No I guess not. Point taken

 

[twodogs]

I was referring to the inclusion of "aboriginals" in the statement

Really, no kidding

 

[RetireRich101]

The correct term is Aborigines.

Is it racist if I say that the Western Suburbsin Adelaide is a largely Greek/Italian area?

Whew am I off the hook? it never intended to be racist

 

[WattleIdo]

No. shocka!

 

[Icarus]

Surprised that no one has mentioned Dalby QLD.

Fair few properties under $200k and good yield - 8 - 8.5%. Good chance of CG looking at it's neighbours in Toowoomba and Chinchilla and for the future of energy in the area.

We're getting $275 and $280pw for our properties - values for these came in at $175k and $195k - bit of a drop in vals on paper, but on par with the market by the looks of things.

As always, do your DD.