I’m new to the property investment game and want to start off by purchasing a positively geared property close to where I can get to it if needed. I live in Sydney and am thinking of all surrounding areas. Does anyone want to share their thoughts on where they think is a good regional area outside of Sydney? I can see from the other postings that a lot of people are very secretive about their “findings”, but some hints would be a great start.
Thanks, BenFrom what I’ve seen, +ve cashflow properties are at least 2 hours outside of Sydney. My partner and I found a lead near wagga wagga.
Even tho I was in the area last weekend, I ended up chasing another lead down near Albury. Found a few that are near break even, looking at ways of increasing the rent at this stage or wrapping it.
Hope this helps
You could make them positive cashflow by wrapping or lease option etc. Worksin Sydney too.
You can also do creative things like add a bedroom etc, and some people have done this in Sydney and turned the property into positive cashlfow.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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