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Where did you use to live in Sydney, porp e? I know it can be a heck of a rat race on a good day, but I'm at a loss to understand how the lifestyle could be better in Hedland. Doesn't the heat up there drive you mad?
Where do you live? Moss Vale?I live here for a few reasons.
My job is here so having a big city job in a regional location has a favorable income to expenses ratio.
3 traffic lights and 15 minutes to work.
Currently sitting on my front verandah playing guitar looking towards the mountains about 5 klms away.
Farmland nearby good for a run.
Vineyards starting just 2 klms away.
River 4 klm away that I drag my tinny down to regularly .
So many beaches within 30 minutes it's crazy.
Trendy berry and kangaroo valley nearby.
Endless motorbike and 4wdlocations to the west.
Camping also.
2 hours to Sydney
Little over 2 hours to Canberra
Half day drive to the snow fields.
Great game fishing directly off shore from us plus some of the best land based game fishing in Australia.
Choice of inner cbd living
Coastal beach houses
Dairy style acreage
Or 100 plus acre lots 30 minutes out of town for a few hundred.
River front houses available in town .
Cbd units for around $200,00
Cbd houses for around $300,000
Plenty of choices for your average suburban house too.
Fast growing regional center with what I believe to be some good times ahead.
Life is good
Where do you live? Moss Vale?
Why do I live where I live?
1) Work
2) Climate (love the heat, hate the cold)
3) Low tax rates (which helps to build wealth)
4) Quality of life (safe, secure, developed)
5) Low crime tolerance
6) Travel hub for Asia (so lots of flight options available to many destinations)
7) Extremely multi-cultural
8) Close proximity to Oz (can be home same day in 7 hours if needed)
9) Because everything here just works!
I'd rather to have lived where Dazz lived but being an eastern stater I didn't know it existed until after I was settled. Instead i lived in a very quiet area because not many Perthites wanted to live there. On the up side, there wasn't much trafficWe bought in this suburb of Perth simply for the glory of telling everyone where we live. The pose factor is great and very important to our aspirations. The stable of Rollers and Maserati's needed somewhere decent to be housed, and this place accomodated those well.
Lifestyle. Wake up to this view renting from some landlord who gets 3% rental yield., while making our money work harder.
15mins to work, cafes, restaurants, sail on harbour on the weekend, nice harbour walks, CBD 10mins away.
Because I live with my parents and don’t have a choice... WINNING!
Lifestyle. Wake up to this view renting from some landlord who gets 3% rental yield., while making our money work harder.
15mins to work, cafes, restaurants, sail on harbour on the weekend, nice harbour walks, CBD 10mins away.
out of curiosity, has your friend looked into renting it out as short term accommodation or a holiday home to high flyers?Great view Bluestorm- very jealous! When you say 3% rental yield do you mean based on its current value or what the landlord paid for it?
Reason I ask is that a good friend of mine inherited a 5 bed federation home in Neutral Bay with a similarly spectacular view, probably worth $4m-$5m he rents it out for $2k a week- crap yield based on its market value but his grandfather gave it to him and he has no need for the space or the view. I would assume his grandfather won it in a poker bet
He lives in and pays a mortgage on a very humble 2 bed terrace in Glebe and uses the income from the Neutral Bay house to invest elsewhere. He doesn't want to sell because the place is a veritable gold mine and the rent is secondary to his needs.
Point being, sometimes as investors our yield requirements are often very different to those that own property outright as a means of storing their wealth.