Evo Cities, Good Opportunity?

You can pick up cheap, high yielding stock in Wagga – particularly in some of the areas where the ex dept. of housing stock is being sold off at auctions.

Some of the properties would experience a decent equity gain from some basic renos. You'd have to check them out in person though as the quality is going to be quite variable.

Cheers

Jamie

EvoCities is an ongoing campaign to breathe life into cities which are suffering due to current loss of industry and population. So there has been huge incentives created to move these cities forward with the whole EvoCities concept.

It means that the cities concerned have problems to start with. They have good returns at the moment explicitly because of this. However advertising has never been a consistent marker for success in property investing. The important thing to look at is the overall trend. If the EvoCities plan is working .. it will be a gradual thing and not an overnight show pony. So .. you can either throw your money at it now when it remains unproven and there is NO trendline showing movement .. or wait for the movement to happen and then follow along. From a propery investor's perspective .. I always find it easier to witness the trend movement upwards before I start investing.

If it starts working .. you'll see new businesses .. new industries .. and more employment ads in the local paper. In fact .. the local paper will be your lifeline to finding out how things are trending in the towns. You need to invest on knowledge .. not hope .. because hope is purest speculation. In the sharemarket .. and also in real estate.

On the same note .. the Evocities are ones with a solid population base to start with. There is a movement of money towards them and this is not ALWAYS an answer to the communities real issues.