SOD here's the Lithgow link ===》http://somersoft.com/forums/showthread.php?t=78425
Where to not buy
- Thread starter hugh72
- Start date
Some bargains to be had in emerald at the moment
I think it will pick back up out there in a few years it is still the main hub for many small towns.
What does this mean
<50,000 warm bodies
Add Moree to that too, Moree in far NSW is going through an ice epidemic and there are many vacant houses.
The town has a tourism sphere to it with the hot springs but is known as a high crime town.
The town has a tourism sphere to it with the hot springs but is known as a high crime town.
I always thought Broken Hill was a good town to buy in, mind you the growth has already occurred over the last 10 years.
As for the NSW Hunter Valley I do think towns such as Singleton still have some gain to make .
Not sure why Whyalla has made your list either.
As for the NSW Hunter Valley I do think towns such as Singleton still have some gain to make .
Not sure why Whyalla has made your list either.
The housing commish properties in Taree are now offered for around $150 k
in 2010, 11, 12 they were selling at auction for around $80 -90k. Not bad growth. Renting for $200 - $250 pw which is quite high. They are a buy and forget investment.
Westside of Taree is the best and near the hospital I reckon
in 2010, 11, 12 they were selling at auction for around $80 -90k. Not bad growth. Renting for $200 - $250 pw which is quite high. They are a buy and forget investment.
Westside of Taree is the best and near the hospital I reckon
Why is that Sydney CBD is not a good investment ?
I've seen some old Studio apartment advertised from under $600k recently
it is surely a great option for a Cashflow Positive IP.
CMIIW ?
Old studio apartment for under $600k?
What nutter would buy that?
What nutter would buy that?
Thats interesting Coastal, does that also apply to non HC stock?
Well, it is in the Sydney CBD area close by to Chinatoiwn, Thai town and Central station.
What does this mean
Basically anything much smaller than Mildura, Shepparton or Gladstone:
http://blog.id.com.au/2014/populati...st-australian-cities-and-towns-by-population/
How would it be cashflow pos?
Old and an apartment -
Very little depreciation,
Probably higher Body Corp costs (lifts, etc),
More maintenance
Rent yield sub 5% no doubt?
Maybe if you throw a couple of hundred thousand cash in as a deposit...
Plus I'd get worried about its end of life. What do you do with it then? The problem with a place like this is that there are likely to be lots and lots of them, so if the entire building is beyond it's economic useful life, there'll always be a couple of owners that will be stopping you from redeveloping and you could be stuck paying exuberant maintenance costs for comparatively little return.
And just to add to that, you'll find it much harder to borrow for a property like this than a freestanding house. Good luck with a 90%+ LVR loan.
Hm... you got me thinking this time
My initial reason is that this one bedroom apartment or Studio is very close near Central train station (CBD) so it is not a problem looking for tenant.
but yes, I appreciate your comments and input from you guys, it might be hard to find the financing for this type of IP by the banks.
Wagga - Ashmont
Here an article on Trashmont in the local rag.
http://www.dailyadvertiser.com.au/story/3083005/is-this-suburb-our-struggle-street/#slide=1
Should be enough to keep people away.
Also I see someone mention Wilcannia, if anyone has ever been there you would never touch it.
Just my opinion
Here an article on Trashmont in the local rag.
http://www.dailyadvertiser.com.au/story/3083005/is-this-suburb-our-struggle-street/#slide=1
Should be enough to keep people away.
Also I see someone mention Wilcannia, if anyone has ever been there you would never touch it.
Just my opinion
If anyone has ever been there you wouldn't stop for petrol, my general advice is to go around it.
Quite an eye opener.
