investing in regional victoria

Viewing 5 posts - 1 through 5 (of 5 total)

Sally
Participant
@salpez13
Join Date: 2015
Post Count: 1
March 23, 2015 - 3:37 pm
Hi all. I am new to property investing. I have been researching a few areas. I would just like to know your views of investing in Warrnambool. Thanks Sally
Corey Batt
Participant
@cjaysa
Join Date: 2012
Post Count: 1,010
March 23, 2015 - 5:40 pm
Fairly bland rental returns for a regional, but if you can pick something up low enough and it fits your strategy it could well be worth it.
Keys things to look at with Regionals:
*population growth rates
*upcoming planning and development
*current yields and rents growth
*Vacancy Rates
*Stock on market
What draws you to Warrnambool in particular?
- This reply was modified 9 years, 9 months ago by Corey Batt.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone Me
Investment Focused Finance Strategist - servicing Australia-wide
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
March 23, 2015 - 7:18 pm
Actually looked at a 6 pack of units there in 2013 but the Vendor wouldn’t budge on price.
They are still for sale today and I cannot see why you would want to invest in such a town as very little drivers in regards to growth or rent appreciation.
I think there are many more regional towns you could look at.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Redwood
Participant
@redwood
Join Date: 2013
Post Count: 340
March 23, 2015 - 8:32 pm
Hi there,
I would not invest in Warrnambol – but would happily live there :)
Have a few clients who purchased high return ‘cabins’ in a caravan park type investment on vendor finance terms, returns are high but time will tell.
My concern with this town and regional vic as a whole is the lack of population growth relative to Melbourne based on forecasts to 2050. I will still happily invest and recommend investments in Melbourne, however, regional victoria requires a bit more of a microscope particularly with a town reliant on manufacturing. Mildura is one that always attracts my eye, but like certain regional towns it looks like drugs are going to impact the future of this town however fundamentals are good as long as you do your due diligence.
Hope that helps
Ivan
- This reply was modified 9 years, 9 months ago by Redwood.
Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
http://redwoodadvisory.com.au
Email Me | Phone Me
SMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS
Jacqui Middleton
Participant
@jacm
Join Date: 2009
Post Count: 2,539
March 25, 2015 - 11:33 pm
I definitely would not consider investing there. Too far from a capital city or independently major regional centre. Also there is some reliance on the renewable industry sector which can be a bit turbulent every time the government changes its mind on funding distribution.
The yields on offer would need to be substantially above more major regionals or the metropolitan suburbs for me to even spend time thinking about it…, and the yields are most certainly not substantially above such an average.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone Me
VIC Buyers' Agents for investors, home buyers & SMSFs.