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Thanks for the great advice, Brian & Corey.
As Brian mentioned, I’ve also been thinking of getting smaller properties in lesser risk areas. St Mary’s & Blacktown appear to have reasonable growth and yield for 2 bedroom units. Are these areas still good buys? Or have they flatlined? Are there better ones in NSW?
If the pundits are right, we might still have two rate cuts before rates start to rise. With the drop in commodity prices and central banks everywhere trying to talk their currencies down and lower rates, we might( ?) still have 2 or 3 years of low interest rates. I guess I’m wondering if the boom in Sydney & Melbourne still has a ways to go, or is it too late to catch the train?
Thanks, Brian.
You’re right ,Voyager Point seems overpriced compared to surrounding areas. I guess the only thing going for it is proximity to Holsworthy Barracks. This particular property is a Defense Housing property with guaranteed rent of $ 635 per week ( reviewed annually) for nine years. They look after management and maintenance for a rather hefty fee of 16.5 %. Some of the real estate sites are predicting 8 % growth for the area, but I’m wondering if it’s peaked and is about to flatline.
