Would like some advice on a property we are thinking seriously about buying in Wagga Wagga. Can I PM somebody who knows the area well with some questions?? Thanks.
Hi JSR,
I live in Wagga and have 1 IP and another offer on an IP in Wagga accepted . Lived here my whole life so know the area well. Happy to help if I can. PM me your questions
Jac
I like Wagga for IPs. Has shown consistant growth (not ground breaking – but not too bad) and the high yields in the "dodgy" areas mean it's not too difficult finding CF positive/neutral deals (if this is what you're after).
LJ Hooker are constantly selling off ex Dept. of Housing stock. They used to go for under $100k – might be tough to find them this cheap nowadays.
Investors (particularly out of towners from my understanding) are snapping them up, renovating and renting them out. It's only a matter of time until the DoH stock dries up – this might push prices up.
Attracting a decent tennant may be a struggle
Do a search on Wagga – there's been a few posts recently.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
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