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From: Robert Longmore
G'day all. I have just returned from a 2 month driving holiday of the east coast of OZ. I spent approx 3 weeks just in NSW alone, and on this journey, i made a habit of checking out the local real estate agents and the local market. basically, the conclusion i came to is, If you want cashflow, out of sydney is Unbeatable!, sure capital gains won't be no where near as high as Sydney dirt, but there is some.
Eg. Kempsey. 2x2 bedroom units, on 760 m2 block at the back of town, asking $75,000 for both. Both units currently rented at $95 per week. $190 rent for a $70K property. Try and find that in SYD!
Eg Port Mcquarie, 3 bd house on 700m2 level block. house is 10 yrs old, only 5 km from CBD, renovated kitchen. asking $145,000, currently rented at $220 per week, to tenants that have been there 3 years already.
and take a look at the vacancy rate in Wagga! A friend of mine has got Married and she is looking to rent in wagga, sorry, get on the waiting list!
This trip was definatly an eye opener!
G'day all. I have just returned from a 2 month driving holiday of the east coast of OZ. I spent approx 3 weeks just in NSW alone, and on this journey, i made a habit of checking out the local real estate agents and the local market. basically, the conclusion i came to is, If you want cashflow, out of sydney is Unbeatable!, sure capital gains won't be no where near as high as Sydney dirt, but there is some.
Eg. Kempsey. 2x2 bedroom units, on 760 m2 block at the back of town, asking $75,000 for both. Both units currently rented at $95 per week. $190 rent for a $70K property. Try and find that in SYD!
Eg Port Mcquarie, 3 bd house on 700m2 level block. house is 10 yrs old, only 5 km from CBD, renovated kitchen. asking $145,000, currently rented at $220 per week, to tenants that have been there 3 years already.
and take a look at the vacancy rate in Wagga! A friend of mine has got Married and she is looking to rent in wagga, sorry, get on the waiting list!
This trip was definatly an eye opener!
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