NSW - Outside Sydney

[Mr Beer]

I wondered if anyone could help me with this.

I’m looking to enter the IP world, initially with about $150 - $200k. Only problem is, I want rental returns over 4% and Sydney doesn’t seem a good candidate at the moment. Is it realistic to look for rental returns around 6% or even more outside Sydney? Ideally, I’d like somewhere you can actually drive to within a few hours. The Southern Tablelands really appeal to me, but that’s just a personal preference.

 

[WillG]

Rural/Regional areas near (2 hours) from Sydney.

Goulburn, other towns on the hume Hwy may be possibilities

 

[Kevin Hockey]

Outside Sydney - I didn't think anyone from there thought there was anywhere else

Kev

www.nundahrealestate.com.au

 

[XBenX]

hehe not quite Kev

there is a select few that acknowledge there is infact IP outside sydney

 

[Sunstone]

Dear Mr Beer,

If you seek it hard enough you will find it.

However you have to look for it and nothing is given to you on a platter.

Even in a heated market I just saw a block of six units advertised that has a gross yield of 9.9% fully tenanted. Again this is the exception and not the rule. In areas where traditionally there have been cash flow positive properties I am finding agents advertising "7.3% gross yield" as attractive when this would not live up to my own criteria.

Keep looking but importantly don't forget to actually start.

Cheers,

Sunstone.

 

[SEASON]

mr beer,

i also was looking for above 4% returns. yep, more oprions outside sydney.

i recommend you spend some time searching thru the forum posts - there's plenty of info to help you.

also, you can check out St Mary's in Sydney.

 

[gr137]

you could try the south coast of sydney - 3 hrs drive ulladulla, batemans bay etc - strong capital growth last 2 years but still some buys in the 200k and lack of rental property.