Investing in Sydney, NSW

Viewing 6 posts - 1 through 6 (of 6 total)

Everyday32
Member
@everyday32
Join Date: 2011
Post Count: 5
August 5, 2011 - 6:50 am
Hi Everyone,
I'm on my way of doing some research in buying an investment property in suburbs of Sydney, NSW.
Would urge the experienced investors, who have positive cash flow properties or with capital gain investments, in any of these area for your valuable advice. I still haven't finalized on any particular area.
Any advice from any team member, in any respect, would be appreciated.
Thanks
swampy30
Member
@swampy30
Join Date: 2003
Post Count: 85
August 5, 2011 - 11:37 am
Wow, that is a bit of an open ended question. There are over 600 suburbs in Sydney, NSW.
And past performance is not necessarily indicative of future results – which means just because someone has made a gain in the past, doesn't mean they'll make the same gain in the future.
Me thinks you are really asking, "please someone tell me (for free and in one sentence), where I can make money". It doesn't work like that. First you have to be alot more specific, about your budget, investing strategy, property preference, etc etc. Second, if we knew for sure, we'd all be there – property is a calculated gamble.

Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
August 5, 2011 - 11:51 am
It is quite a broad question but if it's high yielding type stock you're after – I'm thinking you'll have to start your search way out west.
Pick up a copy of API or YIP mag and scan the back pages that contain suburb specific data such as growth rates, rental yields, vacancy rates, etc. This should help you narrow down your search.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
swampy30
Member
@swampy30
Join Date: 2003
Post Count: 85
August 5, 2011 - 12:06 pm
Jamie M wrote:
It is quite a broad question but if it's high yielding type stock you're after – I'm thinking you'll have to start your search way out west.
Pick up a copy of API or YIP mag and scan the back pages that contain suburb specific data such as growth rates, rental yields, vacancy rates, etc. This should help you narrow down your search.
Cheers
Jamie
I like the original poster's terminology – we're all 'team members" in the investing game!
Thanks for your more constructive reply, team member!<br /;-)” title=”>;-)” class=”bbcode_smiley” />
Catalyst
Participant
@catalyst
Join Date: 2008
Post Count: 1,404
August 6, 2011 - 12:19 am
When your sentence said "in these areas" I was waiting for a list of areas you were considering.
There are thousands of people that invest in all areas.
Depends what your strategy is. I see you mentioned CF+. Do you have means to create it or are you just hoping one will fall in your lap[ ready to give you an income for day one?
I have friends that invest in areas I'm not interested in and visa versa. Doesn't mean one area is wrong and another is right. We just have different needs and goals.
Yep sounds like you're just starting. Keep reading and researching.
It doesn't come in a few weeks.
SandraL
Member
@sandral
Join Date: 2010
Post Count: 45
August 6, 2011 - 6:26 am
Everyday32,
If it's cash flow positive property you are after, then I think it will be difficult to just buy that in Sydney. You will most likely have to renovate or do other things to the property to make it cash flow positive.