I'm looking into Bathurst and Orange, to buy IPs. Looking at both buy & hold, and buy, reno & sell strategies for the areas. Is there enough growth potential after value adding in these regional areas?
Anyone with recent experience in areas?
Thanks for your advice!
I invest and develop property in Orange, Wellington and Parkes. I also looked at Bathurst. Out of all the central west I beleive that due to the massive employment opportunities in Orange and this years impressive capital growth of around 17% so far, I would pick Orange first.
I agree Orange has been interesting, 10 years ago you could buy a house for $150k and today the same property is sitting just under $300,000. The rent yield is also pretty attractive. In my opinion this area will perform well over the next 10 years. Shoot me an email if you want a full report.
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