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Hi Crest,
I will take you up on this offer. I have already made few offers and waiting for response from the agent. Personally I dont mind flood prone areas provided the price is right for the property.
Hi,
did you manage to buy any IP in Wagga Wagga. I am hoping to drive there this weekend.
goldies wrote:South western is the south west suburbs of sydney which includes Campbelltown as a whole and plenty of suburbs within it like Leumeah, Airds, Bradbury, Minto etcI bought an invesment in one of those 'areas' where police wont head down and buses get cancelled and pizza places wont deliver to. My tenant is always 1 week ahead of her rent, the gardens look fantastic, she allows anyone into the property that i need to head there such as banks and quantity surveyors, and she calls the property manager to ask if her kids can hang pictures using blue tack. She is a single mum with 4 kids and a dog.
This is a $235k (purchase price) property, recently revalued at $260k after 6 months and getting 9% rental yield.
You just never know what you are going to get so all i am saying is dont judge a book by its cover.
Enjoy!
Thanks goldies…I have started doing some research on the surrounding areas as well instead of jumping in……I am specially impressed with Ambarvale….
goldies wrote:Hi thereLeumeah is a low – mid socio economic type area with a high population of renters and families.
You will have no problem renting the place out. You will have no problem with achieving the rent you want. I was going to buy a 4 bedroom villa a few suburbs over from that and i had 2 ladies in my office at work offering me very high rental amounts per week to move in because they couldnt find a place.
It is in the South Western suburbs of Sydney which is experiencing growth due to the undersupply of housing and large numbers of people heading out there. There are some expensive housing estates going out in the south west.
There is good access to main roads, plenty of shopping centres and schools, plenty of work. It is a working class suburb.
If you are looking for sudden growth i would not recommend but a good steady increase in prices and rental income should be possible.
Hi mate,
Thats a awesome advise.
When you say Southern Western, which suburb are you referring to. The problem I am facing is affordability as well. What is price range will one be looking at. And also what are the yields we will getting.
Once again your inside to leumeah is very helpfull.
Qlds007 wrote:If you want to email me the actual street number and address i will send you back a Residex report on the property.Not guaranteed to be exact but might give you some good evidence to back up your due diligence.
Good win by the Reds over night as well.
Cheers
Yours in Finance
Thanks Richard. Just send you email with the property info. Please note I couldnt find any records of the property on RPdata.
