For what its worth.RP Data report just out says Nowra has performed well in recent times.Houses up 3.4% in the last 12 months.Rent up also.Unit and townhouse are up 25% in the last 12 months. Thats the third best gain in coastal Australia.I believe that because a mate bought a 2 bed town house in the CBD about 30 meters from one of my IP,s. He…[Read more]

evernat wrote:
devo76 Im far from put off Nowra,In fact Im going to there within the next two weeks to start looking around the parts you have all talked about.I would never just walk away from one area just from one persons feelings,thats why I value everybody comments and the forum here.JacM 100% right on the " INFRASTRUCTURE" , thank…[Read more]

No offence to thecrest. But if his comments alone put you off the place. That’s a bit misguided and sad.

The gaol is south of Nowra and to the south of the industrial area. Not really a safety issue. I think it’s more benificial due to high income employees and there families moving in. As for inmates families. I haven’t seen a bad effect in goulburn but I’m not really sure.

Yes east Nowra is a bit rough but many social housing properties are being…[Read more]

Shootings is a bit of a dramatization. Can’t remember one happening to be honest. There is a stigma around east Nowra . It’s a bit rough but I’m not talking burning cars and riots here. Just a lower socioeconomic area.most Towns have an area like this. Just be careful investing in areas like that Nowra or otherwise. Nathan on these forums does…[Read more]

OK in a nut shell Nowra has good and bad points. Unemployment is a bit of an issue but that being said it has many employment drivers and is below value compared to neighbouring areas.I would stick to areas like North NowraCambewarraCentral nowraI like central nowra for IP,s because it is land locked and is full of older style properties on big…[Read more]

I have two Ip,s in Nowra and building number 3 soon. About to fly down south so cant answer questions now. I will try and respond when i get back this afternoon.

eloi wrote:
hey.yes north queensland or all of queensland for that matter is suffering but sydney and melbourne have started to show some signs of similar scenarios. rental vacancies have started to increase, rental returns have been neautral or %2 at most, auction clearences are at %50 and prices have not increased for the last few months and…[Read more]

Mick12345 wrote:
Devo76, I didn't mention anything about selling property. The transaction costs would make that a pretty silly idea, especially when house price falls (or rises) are predictions.However what I am trying to implicate, is that in the current climate I believe it would be wise to keep your money in the bank (if, that is, you have…[Read more]

Ummester. Yes that’s a more rational response. As for the undersupply thing. Who really knows. People push both sides. Must it be one or the other. Can it be above or below trend. I would still say with all the information at hand we are still leaning towards undersupply. I guess we will not know until the future becomes history/statistical fact.

Are we really going to start that old savings v property chestnut.

For starters history has shown property is the winner.
To even consider savings you must have cash. You can’t use leaverage.
To sell all your property and put into savings is a very big call. To get it right and come out ahead would require more luck than skilled as so many WRONG…[Read more]

Wow. It seems our future is already mapped out by forum users. No point going on with life really

Just had a drive around our area. Yep still short of properties. They are there but still well below trend. I think it’s still way to early to call an oversupply at this stage. Everytime there is a bit of a move with anything in Realestate people exagerate and amplify/twist the results. It goes both ways and it’s quite funny.

Things will work out. Don’t get caught up in hysteria. Time will sort thongs out just protect your own backyard. And if the world collapses. Well we should all be on the same sinking boat anyway.

I think very few are suggesting a boom is in the near future. This thread is about a bust after all and even that does not seem certain.My call is a long flat period 1990's style. Total guess by the way.

Can we not have something in the middle. How about a nice steady growth Australia.

100% correct

Now may be a great time. I bought a year or so ago against what the majority of the population was doing. The crunch didnt happen and i ended up with a positive geared property in cbd location that i am now subdividing. End result will be $100,000 equity and a positive geared IP. As is the property has gained over $50,000. So the gloom patch was…[Read more]

Not as hot as it was 6 months ago but it could be a winter thing.I recently got a bad tennant out and thought it would take days to fill. A month was the end result. Not so much the lack of people but more the lack of quality. Had a few  interested but they pulled out. Each one pulled out because the house they were in was no longer being sold…[Read more]

I still don’t believe it. My accountant confirms also. As terryw says the second person is basically gifting.i wish I could find the magazine artical. The only grey area they mentioned was getting something formally written up stating the agreement with your partner although they did say it would probably not be needed as the ato understands and…[Read more]