positive or "close to positive" cashflow areas in NSW

Viewing 5 posts - 1 through 5 (of 5 total)

ajayayyar
Participant
@ajayayyar
Join Date: 2005
Post Count: 176
December 18, 2010 - 5:44 am
Hi all,
I am looking to invest in positive or "close to positive" cashflow property in NSW.
Preferably looking at houses.
I have never invested in a regional area in the past, so far my investment have mainly been around the Sydney CBD area (units) with relatively good rentals.
Could someone offer some advice around some good areas I could look at? Price range for a regional area I'm probably looking at around the $250k-$500k mark.
Any criteria you people use to judge whether a regional area has capital appreciation potential would also be helpful – e.g. minimum population, infrastrure plans etc.
Many thanks,
Ajay
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
December 18, 2010 - 7:38 am
Hi Ajay
I haven't been actively searching CF+ properties in NSW lately but I know Wagga has some decent yields – there's a few suburbs (Ashmont, Tolland, ect) that have ex housing commission properties that are auctioned off by LJ Hooker. The purchase price is relatively cheap (anywhere from $100k – $150k) and after some work they can achieve up to $250 p.w rent.
Hopefully, when the housing comission stock starts to run dry, the capital growth in these areas will pick up.
Tenant quality is important in these areas – therefore, having a top notch property manager is highy important.
This is just one area of NSW, I'm sure others will be able to provide input into other areas.
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
ajayayyar
Participant
@ajayayyar
Join Date: 2005
Post Count: 176
December 18, 2010 - 9:34 am
Thanks for that.
Anyone know where I could find the future housing and population growth prospects for the Wagga Wagga area?
Interested to find out data regarding this.
Thanks,
Ajay
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
December 27, 2010 - 11:45 pm
Check out the council website (you'll have to google it). Some of the ABS data is helpful as well.
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Catalyst
Participant
@catalyst
Join Date: 2008
Post Count: 1,404
December 28, 2010 - 12:01 pm
Wagga Wagga pop now 62,700. Projected for 2027- 77,000. Not an alarming growth. 1% pa.