I’m just looking to get started investing in + geared properties and I’m having a bit of difficulty finding much in NSW in my price range (up to around 100K). Broken Hill looks like it has some properties that could be + geared, but the population there seems to be falling, so I figure it could turn in to a bit of a ghost town not too far down the track. Does anyone have any suggestions for suburbs in NSW that I could be looking in?
Cheers
Purely on the basis of prices you might want to look at Glen Innes/Inverell/Uralla as well as Bourke/Cobar and Broken Hill.
Depending on what type of transaction you are looking at doing, it may not matter whether the population is declining or not. For example if you are wrapping there is a good chance that you won’t ever need to worry about finding another tenant for the property.
Be careful wrapping in the remote towns (esp Broken Hill) because there may not be any lawyers who are familiar enough with the concept to be able to advise potential purchasers.
Hope this helps,
Nick
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