So what suburbs / areas do you specialise in and what can you tell us about them?
Ok so today I succeeded at fixing 1 spelling error and in the process deleted a page and stuffed the order of the rest! All fixed again now. My love/hate relationship with Weebly is slowly settling down.
Back to property questions...
I obviously specialise in this stretch of south coast, with Nowra, Ulladulla and Batemans Bay being my local. I live in the Ulladulla area. I have had interest from clients in Canberra and Sydney wanting local expertise to purchase on the coast and I see this as my core business. Rentals are tight, prices haven't moved much for years and we usually see a big ripple of Sydney money head down as the boom culminates up there. This has begun. When you add all the boomers who delayed retirement a few years with the GFC(I know some) thinking about finally retiring and they have the extra 200k on their house value than a year or 2 ago, I actually think we will see a decent amount of sea changers heading down over the next few yrs (the estate I built my house in is filling up with them and they all talk about their friends so its a trend I can see first hand)
For example Mollymook mid priced stock close to beach in the 400-600 range is moving much faster and has seen some growth. Other market segments haven't moved as much yet.
Yields on the whole south coast are at the low end due to limited incomes and industry down here, so you need to value add or holiday let or ad a GF if you want bigger cash flow. On the plus side prices and rents haven't ever been inflated by some mining boom or speculation. The next few yrs I see some fairly easy CG down here. I will be happy to have more extended posts in time about the south coast if anyone is interested.
Further afield I have family in Wollongong (currently helping them with research to sell and buy a suburb across) and have made 2 recent client purchases there. I like Wollongong/Shellharbour markets right now vacancies are really low and happy to recommend clients invest there as I feel its very low risk where its at in the cycle, yields just a little low but otherwise good, and I enjoy working there.
I have had 1 client insist on a place in Sydney, which he bought the other week. He is happy but I don't really want to push working in the Sydney market, there are a good number of high quality BA's there (including a number on this forum) and for my money the market has had more than half of its run in the current cycle.
Hope this helps?