Hi,
My wife and I are keen to buy an IP but are new to the game.
We have a budget of approx 350k and after doing some looking have found some good properties in Orange and Bathurst that appear to offer some good returns eg: 3 br house, sub divided block (asking price 320000) returning 350pw situated in the new northern part of Orange. Or a 4 br home for anywhere between 330k to 350k that is looking at 400pw rent. Is this realistic rent or just agent hype?
We were just wondering if anyone has recent experience or info on buying in either town.
Should we focus more on new houses/townhouses closer to the CBD.
Orange appears to quite an active town and there appears to be quite a lot of activity (especially in the northern area). Bathurst also appears to growing well.
We've been up to both towns a few times recently and like the towns and the new building activity.
We would appreciate any advice people have on the area.
Regard
Crunchy
My wife and I are keen to buy an IP but are new to the game.
We have a budget of approx 350k and after doing some looking have found some good properties in Orange and Bathurst that appear to offer some good returns eg: 3 br house, sub divided block (asking price 320000) returning 350pw situated in the new northern part of Orange. Or a 4 br home for anywhere between 330k to 350k that is looking at 400pw rent. Is this realistic rent or just agent hype?
We were just wondering if anyone has recent experience or info on buying in either town.
Should we focus more on new houses/townhouses closer to the CBD.
Orange appears to quite an active town and there appears to be quite a lot of activity (especially in the northern area). Bathurst also appears to growing well.
We've been up to both towns a few times recently and like the towns and the new building activity.
We would appreciate any advice people have on the area.
Regard
Crunchy