I understand why locals like it but as an investment there are much better elsewhere. Personally I hold properties in Bomaderry with an 8% yield, Central Nowra at 7.5% and have just picked up another at 7% to land bank.
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Chilliblue,
7.5% in the CBD, now you've got my attention. Care to PM me!! I'm approved and ready to go but still looking
Knight, Illaroo does have a pretty good rep, the OC class is selective but the rest of the school isn't.
There seem to be a few Somersofters living in or around Nowra. Maybe we should meet up one day over summer for a beer, anyone keen??
Ah that is why I heard whispers about selective at Illaroo then Allgood. Thanks for clarifying.
Definitely worth a catch up! I am flat out until early Jan but happy to send word around in the new year if anyone wants to catch up. Maybe close to Australia Day could work?
Was thinking of moving down there early next year for some and work and renos, not sure what that market will be doing then though may have to buy earlier, things are too slow here is Brissie, cg gains- it's like watching dead grass trying to come back to life, I wonder how long the regional boom will last for, if Sydney tanks, I suppose it will be like dominoes when it all falls down. What is the surf like down there near woolongong anyone know? Crowded? And what about local hotties? Or do I have to drive all the way to Sydney to have a good time lol
Hope you have thick wettie, cause you're gonna need it! Nice area but water temp. is way too cold. Especially if you are use to warmer waters.
Must be bigger though w the south swells? And thinner crowds you think? I will have to dig my Victoria wettie out and put on a few pounds maybe!
things are too slow here is Brissie, cg gains- it's like watching dead grass trying to come back to life, I wonder how long the regional boom will last for, if Sydney tanks, I suppose it will be like dominoes when it all falls down
CoreLogic RP Data analysis:
Illawarra
?Sales activity currently sitting 7% above the five year average
?Median house values climbed 8.2% over the 12 months to December 2014
?Unit values rose 8%.
?Vendor discounting levels and average time on market both improved.
CoreLogic RP Data analysis:
Illawarra
?Sales activity currently sitting 7% above the five year average
?Median house values climbed 8.2% over the 12 months to December 2014
?Unit values rose 8%.
?Vendor discounting levels and average time on market both improved.
Was just looking at a real estate magazine, Huskisson had 41.1% growth for 12 months!
Interesting to see Bermagui further South going up so much too: