Which area for NSW IP’s

Andyk12, ……

I don't have the answers to your questions, but I do have some for you :

– have you spoken to any property managers to see what type of property is most in demand for rental in the various areas before you buy? you mention 3 or 4 bedroom, but have you researched.

– What have you found out from your own research about vacancy rates and capital growth

– Is there currently capital growth happening, if so what is driving it.

– Is there any new infrastructure projects in the pipeline or recently completed

– is the population increasing or stagnant

– what is the unemployment rate and average wage

– what is the long term predictions for each area

– what attracted you to those locations in NSW

– is the mining in those areas local people or predominately FIFO

– what is the current demand for properties on sale at present, … are they selling quickly or sitting on the market for a while

I understand that you have asked for opinions, but the quickest way to understand the market you want to invest in is to source the information yourself and get a real feel for a location…. I don't know these areas you mentioned and I'm sure someone here will answer your questions in detail, but if you can track down much of this information yourself it will give you certainty in your decision. By relying on others opinions you are putting your decision in other people hands.

I'm honestly not being rude or unhelpful, but I spent the past 6 months this year researching several locations in Victoria and NSW before making an informed decision and bought an IP in Goulburn… I took time to visit each location on my list by driving thousands of kilometers, spoke to locals, spoke to agents and PM's, local council town planners, drove streets, talked to business people, chatted to builders, inspected many properties and read and researched on the net before making an informed decision …  It's all part of gaining an understanding of what drives a particular location and if it's suited to your investment style.

I wish you well on your journey

Mystery

PS … Grab a copy of the Margaret Lomas book, …. something along the lines of "20 questions you need to ask before buying" (I can't remember the title exactly). It will give you the tools to make an informed decision.