Bathurst (actually the postcode 2795) - API MAG (sept edition) 3.3% vacancy, SQM says 3.8% geoffw where did you get your number?
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Regional Investing-New South Wales..
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Bathurst (actually the postcode 2795) - API MAG (sept edition) 3.3% vacancy, SQM says 3.8% geoffw where did you get your number?
Sorry 6.29%- for the suburb of Bathurst itself according to http://www.***************************/Property/bathurst
I don't know how much that encompasses. 2.7% is cited for the Bathurst region. So I guess it means knowing your area. They say NSW has a 2% vacancy overall.
.9% is cited in http://www.westernadvocate.com.au/story/1221392/property-investors-told-the-boom-is-imminent/
Does SQM have up to date data? The section I saw only showed to 2010.
I don't know how much that encompasses. 2.7% is cited for the Bathurst region. So I guess it means knowing your area. They say NSW has a 2% vacancy overall.
.9% is cited in http://www.westernadvocate.com.au/story/1221392/property-investors-told-the-boom-is-imminent/
Does SQM have up to date data? The section I saw only showed to 2010.
Yep scroll across to the right its up to July 14 at this stage
Your western advocate article looks like Jan 13 so a bit old
View attachment Vacancy Bathurst.docx see sqm screenshot geoffw
Raymond terrace gets a solid workout on the police scanner.
hehe, yep.
I would look closely at job growth prospects for any regional area in NSW currently.
Unemployment is trending upwards again, and though this is a state-wide issue (not being isolated to just regional NSW but including Sydney and major towns like Newcastle, Wollongong and so on); regional towns are likely to remain to be the most exposed to this.
And, because smaller towns are more exposed/at risk when property supply and demand fluctuates as a result of poor job growth/unemployment; investors can feel the brunt of this via prolonged vacancy periods.
Instead, look to stable markets that are less exposed to these ebbs and flows; ones that have multiple and varied revenue drivers for those towns. That doesn't necessarily need to translate to 'massive volumes of revenue'; it can be modest economic output (not spectacular), but this really ought to come from at least three or more sectors.
Good examples of towns that offer this variety would be Griffith NSW and its surrounds (Agriculture capital, plus some resources proximity, plus education); and Tamworth (Military, resources/mining, tourism).
Unemployment is trending upwards again, and though this is a state-wide issue (not being isolated to just regional NSW but including Sydney and major towns like Newcastle, Wollongong and so on); regional towns are likely to remain to be the most exposed to this.
And, because smaller towns are more exposed/at risk when property supply and demand fluctuates as a result of poor job growth/unemployment; investors can feel the brunt of this via prolonged vacancy periods.
Instead, look to stable markets that are less exposed to these ebbs and flows; ones that have multiple and varied revenue drivers for those towns. That doesn't necessarily need to translate to 'massive volumes of revenue'; it can be modest economic output (not spectacular), but this really ought to come from at least three or more sectors.
Good examples of towns that offer this variety would be Griffith NSW and its surrounds (Agriculture capital, plus some resources proximity, plus education); and Tamworth (Military, resources/mining, tourism).
API mag uses sqm research and I am yet to hear that their data is too far off. Interested in other's thoughts too if there are problems with it???
I work out my own stats
Go to census look at the amount of dwellings, go to real estate site look at for rent
Not exact as census is dated but you've done your own research
This is always a good method. I used to do this before I knew about SQM. But I reckon its pretty much their formula. For small towns you want watch individual rentals come on and off re.com.au and then watch SQM go up and down by the same amount. There are no perfect method as in small towns there are local re agents who have informal lists (property lists and tenant lists) and deals go down via word of mouth some stock never hits the net but its good to get as close as we can to reality.
My 4th positively geared property was a $90k house in Orange. I sold it aftera year for $115k. But not much gain... Why did I sell?
Well, this was almost ten years ago ..but...
The copper under the house was stolen while it was vacant (2k cost)
It was vacant as in a housing comiss area (I had no idea when I bought, didnt care much anyway), across from a basketball court where over 300 aboriginal kids gathered every day til through the night screaming and smashing bottles and shopping trolleys
While vacant the insurance company said they wouldnt cover it for over 3 months vacant
4th month vacant an arsonist started burning down every house in the street!
It is pretty funny in retrospect as I always jump into investments without too much thought, thinking worst is I'll lose a little -- never expected to possibly lose an uninsured house!!
Well, this was almost ten years ago ..but...
The copper under the house was stolen while it was vacant (2k cost)
It was vacant as in a housing comiss area (I had no idea when I bought, didnt care much anyway), across from a basketball court where over 300 aboriginal kids gathered every day til through the night screaming and smashing bottles and shopping trolleys
While vacant the insurance company said they wouldnt cover it for over 3 months vacant
4th month vacant an arsonist started burning down every house in the street!
It is pretty funny in retrospect as I always jump into investments without too much thought, thinking worst is I'll lose a little -- never expected to possibly lose an uninsured house!!
~50% growth in 15 months all on a 15% gross yield.
More details on this please.... reno involved, cost, plans for the properties now?
Hey brady,
No reno been rented from day 1
Plans just to hold really
Extracting equity + savings for the next phase = developing
Looking foward to it too!
Annoying when every month there is an issue ie- leaking taps faulty switch etc etc
Btw bought to semis in Eliz at same time and have had zero growth..
No reno been rented from day 1
Plans just to hold really
Extracting equity + savings for the next phase = developing
Looking foward to it too!
Annoying when every month there is an issue ie- leaking taps faulty switch etc etc
Btw bought to semis in Eliz at same time and have had zero growth..
Sounds like great buying. Can't be too annoyed when gross yield is 15% and had some great growth... enough fat in those properties to cover some minor maitenance. Can't expect a maintenance free property @ $85k
Can't comment on the semi's in Elizabeth because not what I think is best, If you purchased a big block at the same time it's likely would of had some growth.
I'm looking to start the developing path as well. Have you secured any sites or just starting to get as much equity as possible available?
Can't comment on the semi's in Elizabeth because not what I think is best, If you purchased a big block at the same time it's likely would of had some growth.
I'm looking to start the developing path as well. Have you secured any sites or just starting to get as much equity as possible available?
Yeah no complaining here mate
Just the few maintainence issues but all good
If I had my time again prob would have not bought the semis
But hey in 10-20years ill wish i had have bought 10!
(Maybe) ha ha
No site selected yet will be melb based thou
just gathering the equity at this stage
Just the few maintainence issues but all good
If I had my time again prob would have not bought the semis
But hey in 10-20years ill wish i had have bought 10!
(Maybe) ha ha
No site selected yet will be melb based thou
just gathering the equity at this stage
