Orange, NSW

Hi All
anyone familiar with this market?

Prices ranges vary greatly.

I also notice unit prices going up while home prices trending down. Anyone buying here or have local knowledge of the area, any info would be useful.

Cheers, MTR
 
Hi All
anyone familiar with this market?

Prices ranges vary greatly.

I also notice unit prices going up while home prices trending down. Anyone buying here or have local knowledge of the area, any info would be useful.

Cheers, MTR

The Cheap DOH stock, they have Owner Occupier clauses on them, so therefore worthless.

Take them out and the market seems normal.
 
I remember when Dubbo brought this rule in I think it was somewhere between 3 and 5 years you had to live there for. Not sure how you could get around it. I guess people do it for the FHOG so there is bound to be a way. Those houses are so cheap without competition from the investors. This is the first time I've noticed owner occupier only auctions out there. Looks like they are trying to clean up the outskirts of Glenroi.
 
The estate you are refering to in Dubbo is the Gordon estate. They sold some homes to owner occupiers, bull dozed some, and rejuvenated some areas.

The houses were selling for 55k-60k.....they are now worth about 130-140k. This has happened over a 5-6 year period.

I have bought a Dept of Housing (DOH) properties...but I like to buy only in areas without these silly caveats as they keep values and the area down as FHB are too afraid to buy in.

The DOH people should let the private investors sort things out. I know a couple towns with populations of 50k-70k people and the DOH is selling about 70-100 properties in these town without affecting the property prices in these towns.

What I see with these towns is that DOH is replacing these homes with units and townhouses instead of houses. And in some cases just giving a subsidy for for people to rent.

Personally, the DOH noddys would be better off giving private landlords and incentive to sub let to the DOH. This way they don't need to maintain things and the private landlords will not put up with any crap. Me thinks this is the solution to the housing crisis.

The incentives could be things like reduced stamp duty, land tax, water rates, etc. ...much more cost effective than building and mismanaging Housing like they are today and the cost of paying ridiculous rates for emergency housing in motels and hotels.;)

I remember when Dubbo brought this rule in I think it was somewhere between 3 and 5 years you had to live there for. Not sure how you could get around it. I guess people do it for the FHOG so there is bound to be a way. Those houses are so cheap without competition from the investors. This is the first time I've noticed owner occupier only auctions out there. Looks like they are trying to clean up the outskirts of Glenroi.
 
how do you find information about up and coming DOH releases?

Assuming they are not advertised through normal Agent channels, and are bulk auctioned or something???
 
has anyone subdivided in the area and have any advice/tips on doing it?
what costs are involved, min block size etc?

does anyone know what the local council rules are regarding adding a granny flat?

also, if you own or are thinking about it, do you have any preference on an area of the town that is best (and why?)

regards greg
 
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