All Topics / General Property / Regional Centres

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  • Profile photo of FeggerFegger
    Participant
    @fegger
    Join Date: 2015
    Post Count: 3

    Hi everyone

    I’m quite new to this and still getting my head around it all.

    I just wanted to get peoples views on purchasing IP’s in regional areas, central west for instance. I have read different theories and reasons why they don’t make good investments but I personally know people who have done quite well. Any comments / guidance would be greatly appreciated.

    Cheers…

    • This topic was modified 9 years, 8 months ago by Profile photo of Fegger Fegger.
    Profile photo of Kinnon BellKinnon Bell
    Participant
    @kinnon
    Join Date: 2014
    Post Count: 151

    Central west of where?

    Regionals are usually good for cash flow and capital growth is usually the sacrifice. There are some exceptions to that rule but not many.

    I started out my IP journey with 2 regional cheapies that served me well as a stepping stone. Purchased, did a basic cosmetic reno on both and rented out both for 8% and 10.5% return straight off the bat. Was also able to draw on manufactured equity to leverage next purchases.

    Kinnon Bell | Kinetic Funding
    http://www.kineticfunding.com.au
    Email Me | Phone Me

    Mortgage & Personal Loan Broker based in Cairns and Melbourne but servicing clients Australia wide.

    Profile photo of FeggerFegger
    Participant
    @fegger
    Join Date: 2015
    Post Count: 3

    Thanks for that. NSW I was thinking!

    Profile photo of steve572steve572
    Participant
    @steve572
    Join Date: 2005
    Post Count: 7

    At this stage of the cycle i would certainly look at regional centres in NSW. things are beginning to move again after many years in regional NSW. Anywhere that has good infrastructure and planned infrastructure is good. There are good returns to be had in places like Inverell, Grafton etc. As stated previously you trade some capital growth for return however if you buy now, i believe that these centres will experience some growth in the next twelve months as a flow on from Sydney, Central coast, Newcastle etc.

Viewing 4 posts - 1 through 4 (of 4 total)

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