Good areas for IP's in Regional NSW ??

Hi, folks ,

I wish to buy about two investment properties in Regional New South Wales.
I wish to keep the budget for each around 200k (give or take 10%).

Any suggestions which areas may present good prospects for good capital growth and reasonable yield in the mid to long term investment perspective.

Thanks for all inputs.

Cheers,

Sanjeev
 
what about northern NSW?

The northern coast? Australia's prettiest place. Huge rivers and mountains and rainfall.

The Nothern Tablelands have just become Australia's newest wine region. Very cold place though.

The north west plains are full of coal and gas. The coal runs from the hunter right through to the QLD border. The plains also have vast water aquifers.

Our rainfall doesn't seem to be falling like southern regions. Our rain comes from the north and north west, so I don't think it will drop.

See ya's.
 
Albury.. WaggaWagga ?

Both are very large regional centres.
Have major retailers like bunnings, woolworths, coles, bigw, target, kmart, etc.
large malls. wagga in particular aslo has different social demographics in different areas from what I can tell.
 
Hi! I am originally from Armidale and i looked at buying an investment property there for a while. it appears to b growing, and with the university there is always plenty of tenants around looking. They have also just had a fair bit of development go on with two new shopping centers in the last couple of years.

Beautiful place, and popular with people trying to escape the city as it is half way between sydney and brisbane.
 
Any views about the likes of Cobar, Parkes, Gunendah, Muswellbrook, Nyngan etc.

What about Nyngan???, what is the go there, what are the factors influencing Nyngan town and the area?? The rental yields seem quite good there but Is there any growth potential as well ??

Thanks again for everyone's views.

Sanjeev
 
Cobar

Cobar.

Nice little town, we've had a 4 brd place there for nearly 2 years. It's been a steady performer and shows good yield against its current value. We bought there to give us some positive cash flow to help balance out our portfolio and its performed as I expected it to. In the 2 years we've had it its been vacant for a total of 4 weeks. I expect things to plod along steadily although prices will remain a bit flat for the next little while. Could be good place to pick up a bargin if your looking for cash flow.

Regards Bullfrog
 
from the Cobar Age on 18-6-08

Apologies for the broken link.
This is the story:

Mine retrenches 220 workers
18/06/2008 3:40:00 PM
In a major shock to the mining town of Cobar, 220 people or 37 per cent of the total workforce of 602 at CBH Resource Ltd’s Endeavor Mine, are to be retrenched.
Included in the workforce reduction are the majority of on-site contractors recently involved in significant capital works programs.

A recent decline in metal prices and increasing production costs have forced the decision on the mid-tier zinc, lead and silver mine which is located 48kms north-west of Cobar.

In a media statement released yesterday, CBH managing director Stephen Dennis said the company had implemented action to improve operational efficiency by reducing the total workforce (inclusive of contractors) from 602 to 382, a reduction of 227 people or 37 per cent of the total workforce.

This action, Mr Dennis said, would restore employment at Endeavor to about the same level which existed prior to the recent capital works program.

“Additional personnel reductions of 27 have taken place in the company outside of Endeavor, including head office in Sydney where only a small corporate team now remains,” he said.

“This workforce restructure, when fully implemented, is expected to result in annual capital and operating cost reductions of about $100 million.

“The rationalisation of growth projects and cost structure in CBH has been essential to securing a more sustainable future for the company.

“We are now well positioned to deliver a step improvement in our operational performance and we also retain strong growth potential though the development of key projects.”

Mr Dennis said CBH will now focus on delivering improved performance at its Endeavor Mine and on developing its key projects at Broken Hill and Panorama.

The overall cost base of the company has been substantially reduced and this has been assisted by the spin out of CBH’s early stage evaluation projects into Kimberley Metals during May. The restructuring program, Mr Dennis said, was unrelated to the proposed merger with Broken Hill’s Perilya and while the workforce reduction was regrettable, these measures had been necessary to establish a foundation for the company’s future during the present difficult lead and zinc market. The general manager also said CBH’s exploration program for 2008/09 has also been reduced and the company would no longer maintain a Sydney-based team of geologists and responsibility for ongoing explorations programs had been assigned to each of its main operations.

It’s planned to focus on exploration around the Endeavor and Broken Hill regions and the Panorama project in Western Australia.
 
I've read a few recommendations on Parkes...and plans to make it a transport/freight hub...possibly with an international freight airport. It's on the main east-west rail line, and on the Newell Highway with many trucks moving between Melbourne and Brisbane. It also has employment from large mining operations nearby and income from agriculture and and livestock industries. You would really need to do your research...I've always thought of it as a large nondescript country town (though I'm told its population means its classed as a a city). Best thing it used to have going for it when I was a young kid was the annual Parkes Show...every year they would have one of the original Batamn series batmobiles. Their claim to fame is the Parkes radio telescope....and the role it played in the lunar landing (an equally strange claim to fame imo). You can stay at the Moonraker motel if you wish...just to get into the spirit of it all.

Info on the transport hub below

http://www.parkes.nsw.gov.au/economic/7022.html

"Transport Hub

As a consequence of the emerging trends in Australian logistics and the unique location of Parkes, considerable interest has been generated in the Parkes Multi-Modal National Transport HUB. Parkes Shire Council has completed extensive investigation and consultation to provide the appropriate zoning for over 500 hectares of land specifically designed for 24 hour, 7 days per week operation of a Multi-Modal Transport facility.

The HUB development will be a National Transport Node, which seeks to provide the modal interfaces to allow modal choice and complete freight logistics chain management. It provides the largest greenfield intermodal site in New South Wales.

A PowerPoint slide show further detailing the Parkes Hub concept (without sound) is available for download . Contact Council's Economic Development Manager for a full copy, including sound, on CD.


--------------------------------------------------------------------------------


Parkes Industrial "HUB" Zone - 27 Sep 2006
Parkes Shire Council has completed extensive investigation and consultation to provide the appropriate zoning for over 500 hectares of land specifically designed for 24 hour, 7 days per week operation of a Multi-Modal Transport facility. more ..

Rail Freight - 27 Sep 2006
Parkes is situated on the Transcontinental Railway linking Sydney, Adelaide and Perth. This rail corridor provides 62-hour freight transit time to Perth. Readily accessible rail connections to Melbourne, Wollongong (Port Kembla), Sydney (Port of Botany), Newcastle (Port of Newcastle) and Brisbane as well as regional branch lines, further define the strategic locality of the Parkes Transport HUB project. more ..

Rail - The NEWell Alternative - 26 Sep 2006
A study into the inland freight rail link, commissioned by the Department of Transport and Regional Services, found favourably for the construction of an inland route via Parkes. The study was launched by the Minister, Mr Warren Truss and is the most comprehensive study conducted on the line. A conference was held in Parkes to discuss the Study. more ..

Road Freight - 27 Sep 2006
The Newell Highway is the major freight route between Melbourne and Brisbane and currently carries 1,400 heavy vehicles per day, 40% of which are B-Doubles. The operation of higher mass limit vehicles from the Newell Highway to the HUB has recently been approved, which will assist in meeting the increasing freight volumes and the efficiency of the HUB. A fourfold increase in freight is forecast by 2020. more ..

Sea Freight - 27 Sep 2006
Shipping is the mode of choice for long haul bulk movement, and accounts for over 99% of imported and exported freight, by volume. Integration of shipping services into the logistics network is clearly imperative for Australia to remain competitive. Parkes, being situated at the intersection of major rail freight corridors, provides readily accessible rail connections to all the major Australian ports. more ..

Air Freight - 27 Sep 2006
The Economic Evaluation of the Parkes International Freight Airport Facility prepared by DJA Maunsell and CARE, July 1997, provide a comprehensive viability assessment of the Inland Marketing Corporation (IMC) proposal and concluded that under the IMC, against all existing gateway airports, Parkes offers a cheaper cost structure for air exports for all NSW agricultural production areas and offers a transport Benefit Cost Ratio of 2.14. more ..

Parkes Airport Development - 27 Sep 2006
The Parkes Airport Development proposal involves the upgrade and expansion of the existing Parkes Airport to facilitate the direct export of perishable agricultural produce from the Central West region of Australia. The following information has been provided by Connell Wagner to answer questions about the proposal. more ..

Telecommunications - eLogistics - 27 Sep 2006
Parkes is fortunate in having fibre optic telecommunications infrastructure with a high level of redundancy providing the perfect platform for the development of a “Communications HUB for National Freight Logistics”. more ..

Ecological Sustainability - 27 Sep 2006
The Parkes HUB planning controls will aim to ensure a transport-logistics industry predicated on ecologically sustainable development (ESD). more .. "

http://www.parkes.nsw.gov.au/planning/5108/5109.html

Regional Growth
At a time when many rural communities are struggling from prolonged drought Parkes Shire continues to expand … and its resilience and diversity are the cornerstones of its economic strength.

While the gold rush and then the railway and agriculture provided the early impetus, Parkes has evolved dramatically over the past two decades thanks to mining and the development of a transport hub which has positioned Parkes to become a national freight distribution centre.

Opened in 1994 the Rio Tinto Northparkes mining operation continues to flourish, with State Government approval recently announced for the E48 venture which will expand the longevity of the mine to at least 2017.

Three key transport operators, ( FCL, Transtank & SCT Logistics ) have established in Parkes in the past decade, to capitalise on the unique ability to deliver to 82 per cent of Australia's population within 12 hours. Parkes rail culture is strengthened by the presence of Pacific International, Silverton and ARTC. One more significant player, Terminals Australia, has received Government approval for the $135 million first stage of its project in the Parkes hub which will ultimately provide for up to 600 additional employment positions.

The search is now on to attract skilled employees in transport, logistics, metal fabrication and mining to effectively service these major companies. A $120 million federal budget allocation for a detailed economic-engineering study of the Melbourne-Brisbane inland rail corridor, with which Parkes is integrally linked, has further enhanced Parkes' transport profile.

Specialist staff are also required for the $100 million Parkes Garden Estate for which development approval has been provided. A start to work is imminent for this exciting aged care facility which ultimately will accommodate up to 900 new residents of the town. This project will provide opportunity for general practitioners and specialised health care personnel.

Community facilities commensurate with this development continue to expand. Already there are three retirement/aged care facilities and three child care centres in Parkes and design planning for a new hospital is about to commence.

Sporting and recreational facilities provide for the most diverse need; Education too is paramount with six schools, supplemented by the nationally acclaimed birth to kindergarten reading programme.


Parkes is accessible … just 50 minutes on a direct airline service by Regional Express three times a day from Sydney with 30,000 passengers annually. Canberra, Melbourne and Brisbane are comfortably accessed by road thanks to Parkes' strategic location on the Newell Highway, the nation's inland motoring corridor.

Tourism is now worth $40 million annually, thanks to the annual Elvis Festival in January, the equally eminent "Dish" which attracts 130,000 visitors each year, the Newell and a diverse range of sporting and community events and festivals.

Parkes enjoys its international status. Its sister city link with Coventry is the oldest of the 505 such links in Australia and dates back to 1938. Polish is the second most commonly spoken dialect in the region thanks to the influx of migrants who made the Parkes Airport RAAF base their home in the early 1950s and then settled in their adopted home town.

Parkes is a tolerant, welcoming and inviting community. Our demographics are changing to meet the economic momentum we enjoy.




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