IP’s – Armidale NSW 2350

I’ve looked in that area just last week. Almost all the properties been sold out.

Carmen

Hi, did a road trip to Armidale a few weeks ago for just that purpose. We seem to have missed the boat on this area – API magazine ran an article on the area when houses last year were well under 80,000 and renting for 180 – 200 pw – definately attractive. Now they are starting at 120,00 for something in very poor quality and without improvements still getting 180 pw nov averaging 150,000 for something decent. The re agents are taking everything to auction and people are paying well over the mark for the area just to secure property. There is almost zero rental vacancies there because of the uni but 6 months has seen the prices just shoot thru the roof. HG

Hi Sach, and if it was a cute federation cottage make it 180,00 – was an absolute dump listed at 150,000 go in a heartbeat and it needed thousands dollars work – not just a quick touch up. Really good area and they say approx 10% growth in the past year but…… too late. HG

Sach, looked at everything – and drooled at the superb places there – you are right the top end of town is in that vicinity, but I was looking for +ve properties and have missed the boat, plane, skateboard and pushie here. Was also looking at possability of subdividing large block but missed out on that one also, have a couple of agents looking for a bargin but they are not ringing me – and i’m still pestering them to no avail.HG

Sach, only late last year – right after that API magazine article that I missed out on. I came up with the area on my own, knew about the uni and a few other growth factors in the area – started to do some investigating in Jun and went up in Jul – needed to be there before xmas to get the bargins. If you found a large block with a house on it to do a cosmetic on and then develop the land you could eventually come out on top – but its near impossible to get a builder in the area and unless you have the property with a rental agent finding anyone to do any work is a challenge. Up late too – i’m a shift worker – whats your excuse – too much coffee[]? HG

born and bred in Laburnum, nr Blackburn and then a South Vermont girl until I joined the RAAF in 79 – then everywhere!! Now in NSW in the Hunter area – I used to drive from Toowoomba to Williamtown(nsw) to see my boyfriend regularly and only remembered Armidale as the place you drove through on the New Endland Hwy and had to do a dog leg turn in the township – all changed now – that was in the early 80’s – married him now I don’t have to drive so far!! HG

actually a victorian but was in Toowoomba when it was still DDIAE – but house prices have gone up since I was there heaps. Used to love looking at all the victorian cottages there and almost bought one but was finally posted to Williamtown – any idea what they are doing now there? HG

Nite Sach – or should I say good morning – nice to chat to you. HG