I am looking at the mountains.any advice? I was eyeing some older houses in Springwood which might need a little touching up.is the market up the mountains overinflated?
Hi, I live in the Blue Mountains, Wentworth Falls to be exact. I can tell you that the market here is quiet similiar to that in Sydney. Generally flat growth in the last twelve months and low yields, however the yields are a bit higher than sydney, but still very rare to see a yield of about 5%. Springwood is just as I described, there are some better yields as you head west over to say Lithgow, however obviously then you have little growth potential. To summarise I don’t think it is the time to invest in the Mountains quiet yet as the market is still flat and will remains so for at least a year or two.
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