Hello
Do any of you recommend a good suburb (or group of suburbs) in NSW with good growth potential roughly in the range of $500k-$650k? I am thinking somewhere out west, but someone with some insights on this would be good.
Cheers
Most people think Sydney will be coming off the boil for the next few years after the recent huge spurt in growth (and this has already started happening) – so not necessarily the best time to buy. Same deal for the regionals.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
Hi there
Any particular reason you’re narrowing it down to only NSW?
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]
Hard to make Money in Sydney
But in saying that we just settled in Lurnea Sydney.
Was Low $600s
Building on it (dual key)Return will be 5.5% Gross Yield.
Hi Jamie, no particular reason, just the fact I am in NSW.
Are there other growth areas across Australia worth looking at?
Cheers
Plenty of other states are performing quite well Qld, Tas and SA.
I wouldn’t invest in Sydney at the moment unless you were looking medium to long term. Obviously depends on your strategy and end goal but if you have your heart set on Sydney you could look at creating boarding house style properties close to universities/job hubs. They are quite hands on projects though.
If you need any help or guidance feel free to send me a PM.
Tony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
Email MeNSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury
have you looked at Brisbane? lots of ppl are looking there, Moreton Bay is one of the hot spot
Eric Wu | RealWay Finance
http://www.realwayfinance.com.au/
Email Me | Phone MeMortgage Broker -- Helping Investors and Home Buyers
Agree about Brisbane.
Hmm let me check out Moreton Bay.
Can you recommend others?
Brisbane is alive with good value bargains at the moment.
Some great potential development sites or value add on areas.
Cheers
Richard
Richard Taylor | Australia's leading private lender
If your planning to be a multiple property purchaser look out for the dreaded Land Tax in Qld – absolutely ruthless! I’m deciding to sell because of it.
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