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Where would you buy & why?
This is of course an investment property to be kept for at least 10 years
Ideally it would be neautral or even positively geared
but the main aim is capital gains
Will be intersting to see everyones thoughts
Why not Sydney? Tregear, Shalvey area? Some are weirdly overpriced but can still find something around $230k- $50k
Hardly anything now ??
Macca446
Whyalla on the other hand seems to attract a fair bit of attantion and I've had at least 3 strong enquiries from interstate in the past 6 months. I'm sure you've done fair bit of research yourself and it does have some reasonably solid fundamentals but most of the investors who rang me about it counted on the future potential eg. expansion of the Olimpic Dam (now on hold) and other mining projects in the pipeline. It has a port, uni, hospitals, several schools, fully established recreation/shopping etc and several flights a day to Adelaide. It's your call
Paul
A friend went unconditional at $245k on a 4 bedroom fibro home in Tregear only on Monday but now like finding a needle in a haystack... I would consider Logan area in SE Qld and the yields are better there for sure.
Logan
Is there a specific part of Logan?
Seems to be a large area covered by Logan City and many suburbs within
Any flooding issues there?
I bought a 3br fibro in good nick that needs cosmetic renovation around there at the start of the year for a smidge over $200k so there are still deals to be found.
http://www.domain.com.au/Property/For-Sale/House/NSW/Lethbridge-Park/?adid=2010465062
This didn't sell for $285,000...much less.