Hey all
I've been on the prowl looking for an IP. My recent efforts to virtually grab a freestanding single title house in SA's Elizabeth and Davoren area have been unsuccessful (I was there in Jan last year & could have secured one for $95k- now i'm cringing). So, in the mean time I've shifted my attention to Port Augusta and the NSW Riverna Murray area - specifically Berrigan, Jerilderie & Deniliquin, Finley.
I've been doing most of my research on google and have focused on Jerilderie. Macquarie bank has invested $1 billion into the area for live stock basically for the demand on the Aust. meat industry and also bought up hectares of land. My understanding was that the area is going sideways due to drought and local farmers having to sell up due to financial stress.
Macquarie's investment in the town has had me thinking...is it a strategy for financial losses against their portfolio? Could it be genuine - which to me would indicate a future growth to the area as wage jobs would be created.
What are your thoughts or twists on this?
Port August seems safer to me? But Jerilderire is showing potential.
I'm looking in these areas due to the price - under $150k. I already have one property (18mths now) and prefer not to get into the bigger figures until I see good growth in the first. However, in the interim i'm trying to follow the poplulation, the demand and prices around $150 - preferably less!
I've been on the prowl looking for an IP. My recent efforts to virtually grab a freestanding single title house in SA's Elizabeth and Davoren area have been unsuccessful (I was there in Jan last year & could have secured one for $95k- now i'm cringing). So, in the mean time I've shifted my attention to Port Augusta and the NSW Riverna Murray area - specifically Berrigan, Jerilderie & Deniliquin, Finley.
I've been doing most of my research on google and have focused on Jerilderie. Macquarie bank has invested $1 billion into the area for live stock basically for the demand on the Aust. meat industry and also bought up hectares of land. My understanding was that the area is going sideways due to drought and local farmers having to sell up due to financial stress.
Macquarie's investment in the town has had me thinking...is it a strategy for financial losses against their portfolio? Could it be genuine - which to me would indicate a future growth to the area as wage jobs would be created.
What are your thoughts or twists on this?
Port August seems safer to me? But Jerilderire is showing potential.
I'm looking in these areas due to the price - under $150k. I already have one property (18mths now) and prefer not to get into the bigger figures until I see good growth in the first. However, in the interim i'm trying to follow the poplulation, the demand and prices around $150 - preferably less!