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Will be up there in a few weeks (Wollongong) staying the monastery should be fun.Any recommended areas to check out as investment potential?Thanks
2541: namely Bomaderry (east side of the highway) and Nowra (no further south than St Anns Street).
North of Wollongong gets expensive and south in Shellharbour/Kiama also can get pricey. There is also this recent thread which also covers some of the area. http://somersoft.com/forums/showthread.php?t=103861
If you have some criteria then let me know and I can give you some suburbs to look at or avoid from my 40+ years knowledge of "the gong" as can Matt (knightm) who is a BA in the area who should/could/will/may be along shortly.
That's a big area with some danger zones so if your looking in or around Bomo then avoid "The Cres" (Sampsom Crescent) and streets adjoining such as Leonard Street.
https://www.google.com.au/maps/@-34.8455381,150.6062138,17z?hl=en
As for Nowra and south of St Ann's then that counts out Worrigee so I would just advise to avoid the area around any street that starts with "Q" in that area to be more defined.
https://www.google.com.au/maps/@-34.8912225,150.6125818,17z?hl=en
And this is coming from someone who lived in HC and has family that makes me guilt free from being biased
that would rule out Worrigee.
As to Sampson and adjoining, I know someone who purchased a property last year for $190 with a current rental of $270pw and no problems. Just because there are a few HC does not make an area a no go zone.
Its similar to many other areas, such as Ashmont in Wagga or Airds in Campbelltown or Koonawarra in Wollongong, you can get good tenants but the chances you may get the one from "hell' is increased.