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Hi,
Was recently reading an article (Coastal change) in the Investment Property mag. This was suggesting Port Macquarie as a strong long team market (media house value at $369,500). Bit more north they suggested Tweed Shire (typical house price $380,000).
There was however a stronger write up for Southern NSW; with areas such as Blackbutt, Flinders, Lake Illawarra and Kiama the areas to investigate.
My wife and are are considering buying property in Northern NSW, especially large detached homes which can be subdivided or demolished/rebuild. The demographics show that the baby boomers will soon be getting ready to retire, and recent trends show a migration out to regional areas. Although I'm young, I would suggest this would be a trend that will be followed in the long term, and the stress and hectic pace of cities take their toll on families.
Hope this helps you a little, and good luck!
Thanks Xenia. Just downloaded your newletter; very interesting reading. Would you suggest that there are any differences between Semaphore, Semaphore Park and Semaphore South?
We are also considering a new apartment at the Marina Cove development (completing Sept 2008). Would you be able to share any opinion on the developments at the Port, and prospective rents?
Would be great to speak with you and your team at some stage, especially regarding property management in Adelaide.
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Hope this helps.
