Hi all,
Was looking to invest in western sydney suburbs in houses around 300k mark with possible reno/granny flat to increase yield.
when I first looked at starting was approximately a year ago, the last few months seems the market is starting to move and im worried I may have missed the uopportunity to buy at a good price.
I am considering looking at the brisbane market if sydney is getting too heated.
So is anyone still getting good deals in the west sydney area with good yields?
cheeeeers
Hiya Waydo
There's been a fair bit of activity in West Syd for a while now – I had clients only a year or two ago buying for low $200's – now they seem to be selling for a fair bit more. It's a big area though and there will always be opportunities. Personally, I'd keep my eyes open on other areas too.
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]
I would think outside the square with western sydney and find decent sized lands that are due to have zoning changes.
TheFinanceShop | Elite Property Finance
http://www.elitepropertyfinance.com
Email Me | Phone MeResidential and Commercial Brokerage
hey shahin,
where would you find reliable info on zoning changes?
cheers
Remember be very careful buying in Brisbane and then trying to build a granny flat or converting it to a multi income style property as it is actually illegal in Brisbane City Council governed suburbs.
Must admit there are a few Councils who have now embrassed the multi occupation and these are proving very popular with our investors.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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