Hi guys and gals,
I am looking at investing in April next year and was wondering if anyone has some insights about Wagga Wagga. I have looked at the council website, ABS stats , real estate.com for data. My goal was to renovate and sell to get some cash for other plans. Anyone got any thoughts would love to hear it.
Dave
Hi Dave
Wagga is a fairly consistent market when it comes to growth. It doesn't seem to experience big booms and busts but travels along nicely.
There's two distinct markets in Wagga – the cheap stock in some of the less desirable areas and then there's everything else.
Talk to some local REAs about flipping. I know there's some investors who actively purchase the ex dept. of housing stock, renovate and then on sell. Maybe start with talking to someone at LJ Hooker – I think they pick up most of these listings.
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: info@passgo.com.au
Hi Jamie,
Thanks for the feedback. I will look into it. Yes I have had a few people raise their eyebrows when I mention Wagga but I think it has opportunities. The info I have received shows stability with some growth and a less than national average in unemployment. I will keep researching.
Thanks
Dave
I think Wagga's fine. Like anywhere though – carry out your due diligence (which it seems like you are) and make sure that the property fits in with your overall investing plans.
Best of luck.
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: info@passgo.com.au
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