Was out for a Sunday drive and went to Werris Creek where Angelina Jolie was filming not so long along. Stunning place and well picked as a film set. Anyway the population is about 1500. Town is past its glory days by far. 40 mins to Tamworth.
There was an old guesthouse for sale that was gorgeous. 18 rooms $500K. And three shop tops as one package - so three apartments and three shops for $250K on main street. Houses for mostly under $200K including a fun project for $98K. I just had fun pretending I was going to do all these places up or buy the lot and create some touristy stuff.
I was just wondering what the future for these type of places is - you can't get mortgages in a place so small can you? So what..only people who already own there stay there, or those that had cash only can buy? Seems a shame...
There was an old guesthouse for sale that was gorgeous. 18 rooms $500K. And three shop tops as one package - so three apartments and three shops for $250K on main street. Houses for mostly under $200K including a fun project for $98K. I just had fun pretending I was going to do all these places up or buy the lot and create some touristy stuff.
I was just wondering what the future for these type of places is - you can't get mortgages in a place so small can you? So what..only people who already own there stay there, or those that had cash only can buy? Seems a shame...