has anyone found country towns in NSW receiving reasonable rentals with low vacancy rates? Where is the best source for this information? I’m trying to find an IP that’s not going to sit vacant for a long time. Any help much appreciated.
Hi Banner,
Living in Country NSW I can tell you that there are great opportunities out there. I would think you will need to focus on certain areas and go from there (whether it be Lismore area, Wagga area etc etc). The most important thing though is to research the areas well. Having lived in Wagga for 2 years and now Albury, I can tell you there are some nasty areas/suburbs that if you bought into due to low pricing you would soon regret the purchase. High vacancies and poor quality of tenants are just the tip of the ice berg.
Hound the local agents for information. If the selling agent sounds cagey about the area chances are its dodgey. You could even ring the local council or police station for advice.
Wishing you every success. [
]Andrew.
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