All Topics / General Property / Tasmania – Dodges Ferry & Midway Point

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  • Profile photo of sting1sting1
    Member
    @sting1
    Join Date: 2010
    Post Count: 2

    Hi All

    Thanks in advance for your time & effort in replying.

    I was wondering if investing in “Tasmania – Dodges Ferry & Midway Point” is a good idea for the future.

    Old properties, with nice views and about 4 to 7 houses from the coastline.

    Price around $300,000 in Midaway point (House old, but decent condition)

    Price around $270,000 in Dodges Ferry (House old, and not in good condition)

    The suburbs nearer to Hobart, with similar views (what I am looking for) are around $500k or more.

    Also, is there “Housing Commision” in this area, which could lower the price potential for the future ?

    I am new to the idea of PI, and may consider moving there a couple of decades in he future.

    Cheers

    Profile photo of v8ghiav8ghia
    Member
    @v8ghia
    Join Date: 2005
    Post Count: 871

    Welcome to the forum sting1
    Tassie prices in many cases are up with the mainland now – but these sorts of areas do offer serious 'bank for you buck'. Good thing about Tassie, is rather than prices going in fits and starts – big surges then nothing, the majority of reasonable property goes up a few % each year surely but steadily. SOunds good eh? TO get water views, near to a beautiful capital city, at that price, with a long term view with th option to move in later………… sounds good. May I suggest though grab a cheap plane ticket and get a street map and go and have a sniff around for a weekend and get the feel for the area. Most agents will be upfront with you when it comes down to 'less desirable areas' too (especially if they think they will sell you something)  Bear in mind there are no 'expert forecasts' though – only educated guesses at best. Most agents told us to avoid the suburb / area of Shorewell PArk, , in Burnie on the North coast three years ago. The stuff we bougth in the other suburbs has gone up 40% – SHorewell Park has almost doubled. Please bear in mind too though, that if you are thinking of living there down the track you may want to look at a litttle more than just the figures too! Go for it – All the best.

    Profile photo of sting1sting1
    Member
    @sting1
    Join Date: 2010
    Post Count: 2

    Hi V8ghia

    Thank you for your reply

    i am 40 now, and at a stage at which, I want something different from life, than a few years ago.

    Love the relaxing sea views, but anywhere decent near Sydney, is big bucks (way out of reach).

    I will be flying down to Tassie this year (earlier than planned, if I like some property)

    The thing is, not knowing Tassie, I have no idea, what areas to look at.

    The whole Island is open for me, as I have no emotional ties with any location there.

    Don’t know where to look, prefer near to a city, with an hour or so, probably.

    Main points would be:

    1) The place has sea views. (As near and high to the sea as possible)

    2) If possible modern (but that again depends on my budget)

    3) Has regular rental return (eg $300K to $350k buy, rental return of $300pw)

    4) Has good potential growth ( over the next 5 to 10 years as an example)

    Then I can, in time, come and live there.

    LOL sorry, but its a long wish list.

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