Best place for positive cashflow regional NSW

[DerekEdgar]

NSW - NRAS waterfront 320K !!

2 x NRAS units available direct from developer.

ive built a couple of NRAS projects, everyone seems to be very happy with the product and figures.

discount the rent by 20-25% and recieve a govt bonus.
the 10,350 bonus per yr is from govt and not taxed. that makes it worth a bit more (around $15,000 ) pre tax at 30% tax rate.. 10 yrs is a good innings.


NRAS is all but wrapped up now with round 5 in the wind. Ive kept 3 from last project and have another projectcompleting of 20 in NSW TWEED HEADS.
all sold off the plan and now due to complete building in 3 weeks.

2 cant complete purchase and are for sale. 2br waterfront 320/340K, elevator low BC .
rent may be 280-300/wk and NRAS on top.!

Let me know if you want them, My marketers will start re-selling next week.
Derek

 

[CherryRed]

Hi Derek - PM to you.

 

[tambourineman]

Here is what I was referring to about Wagga Wagga.

http://somersoft.com/forums/showthread.php?t=82148&highlight=wagga+developments&page=2

Courtesy of Brady

"Done some more research on Wagga, few bits and peices i've found so far.

- $58M logistics hub ($14.6M funding announcement june 2012)
- $282M redevelopment of Base Hospital (2010-2015)
- $3.3M day surgery (2010-2015)
- $2.8M medical clinic (2012-2013)
- $3.4M assisted living facitily (2011-2016)
- $60M Renewed Metal Technologies (2011)
- $63M Stage 1 for Riverina Oils & Bio Energy, 65 jobs(annual revenue $125M)
- $3.4M calvery hospital drug & alcohol
- Bowmen business park contributes $64M and 260 employees
- One of Australia's largest and fastest growing cities, population ~63000
- Young population, assisted by University & Tafe
- Unemployment rate ~5.5%
- International Motel, Lake Albert Road $8.5M
- Murrumbidgee Mill, Edward Street $20M
- Masters Home Improvement, Hammond Avenue $23M (to be completed 2013)
- NBN rollout 2013
- Wagga Wagga is an Evocity, NSW largest growing inland city
- Defence force base
- Possible $400M trade centre to be invested by Chinese "

I can't believe people overlook the north coast considering there is 6 billion plus being invested in the Pacific Highway over the next four years and about 2 billion currently underway between Port Macquarie and Coffs. Most ppl relocate for these projects and most people get LAFHA. You can buy a 3 bed place in Nambucca for 300k and easily rent it for450 for the next two years.

 

[D.T.]

I can't believe people overlook the north coast considering there is 6 billion plus being invested in the Pacific Highway over the next four years and about 2 billion currently underway between Port Macquarie and Coffs. Most ppl relocate for these projects and most people get LAFHA. You can buy a 3 bed place in Nambucca for 300k and easily rent it for450 for the next two years.

And then it'll be vacant again after the projects done?

 

[tambourineman]

And then it'll be vacant again after the projects done?

As opposed to somewhere like Dubbo or Wagga?

 

[Brady]

As opposed to somewhere like Dubbo or Wagga?

Wagga is very diverse industry with a steady growing population.

 

[charlieandkath]

I reckon Wagga is dead and has been for ages. I remember when I was a kid in the late 70's - early 80's and the sign on the outskirts of town said Welcome to Wagga Wagga, Population 55,000. Therefore only grown in population by 8,000 in 35 years. Orange on the other hand has gone from about 25,000 in early nineties to 45,000 today. Much better growth.

Wagga draws in people from a large area but misses out on much growth due to being off the Hume and off the main rail line from Sydney to Melbourne.

These thoughts are only my opinion but we did have an investment property there for a while. Flooding was also an issue.

 

[Brady]

I reckon Wagga is dead and has been for ages. I remember when I was a kid in the late 70's - early 80's and the sign on the outskirts of town said Welcome to Wagga Wagga, Population 55,000. Therefore only grown in population by 8,000 in 35 years. Orange on the other hand has gone from about 25,000 in early nineties to 45,000 today. Much better growth.

Wagga draws in people from a large area but misses out on much growth due to being off the Hume and off the main rail line from Sydney to Melbourne.

These thoughts are only my opinion but we did have an investment property there for a while. Flooding was also an issue.

57012 in 2006
http://profile.id.com.au/wagga-wagga/population

59458 in 2011
http://www.censusdata.abs.gov.au/ce...11/quickstat/LGA17750?opendocument&navpos=220

61746 in June 2012
http://profile.id.com.au/wagga-wagga/population-estimate

63847 in 2014
http://forecast.id.com.au/wagga-wagga/home


Some stats about the population, it's steadily growing which is great.

As for the Sydney Melb connection couldn't agree more, but the local council is also aware of this and trying to capitalise on this. Riverina Intermodal Freight and Logistics hub
http://yoursaywagga.com.au/rifl#tool
http://yoursaywagga.com.au/document/show/130

 

[impala67]

Anything positive on Griffith NSW? Units and/or Houses? Or is it too flood prone?

 

[WattleIdo]

Wagga draws in people from a large area but misses out on much growth due to being off the Hume and off the main rail line from Sydney to Melbourne.

I agree that Orange has a very good 'vibe'.

How about Parkes .... too small?