How you guys look for good deal?? I’m in Sydney and all properties price are so high that it’s impossible not to negative gear. Are all the good deal in coutry towns instead?? Any help would be great.[cap]
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dc_homer
You will more than likely have to look outside Sydney for +ve CF properties. Regional NSW (and other states’ regional areas) will be your best bet. Don’t think they will be jumping out at you, it takes time to find these gems. Try focussing on an area (like Parkes, Dubbo, Wagga etc) and visiting agents in these towns. You will gain heaps of advice from this forum, and make sure you use the search tool to gather more info. The internet will certainly get you started, but footwork is usually the only way to start.
Good luck.
“Life is not a journey to the grave with the intention of arriving safely in a handsome and well preserved body, but better to skid in sideways, thoroughly used, totally worn out and loudly proclaiming . …… Hell, what a trip !!”
dc_homer,
I reckon you’ve missed the boat on regionals such as wagga, albury and dubbo by about a year and a half to two years (sorry Rugs).
I think now you’d be looking at country towns to get anywhere near cf+ (I’m thinking >10% here)
kay henry
Originally posted by kay henry:dc_homer,
I reckon you’ve missed the boat on regionals such as wagga, albury and dubbo by about a year and a half to two years (sorry Rugs).
I think now you’d be looking at country towns to get anywhere near cf+ (I’m thinking >10% here)
kay henry
Don’t know about that. I almost bought a place in Parkes two months ago that was +ve CF. It required a bit of work but the land was huge and it was not far from the main street. Yield was 14.5%. Reason for not buying – I missed out (auction).
It was in an area of ex HC houses but most of them have no been sold. I am sure the outerlying areas of Wagga would still produce a gem or two.
“Life is not a journey to the grave with the intention of arriving safely in a handsome and well preserved body, but better to skid in sideways, thoroughly used, totally worn out and loudly proclaiming . …… Hell, what a trip !!”
i come from outlying region of wagga, and to buy there you really have to be on friendly terms with the RE agent.
of note is one i was looking at, asking price 75k easily rent for 130 p/w. by the time i got to the property the guy had taken it off the market.
oh well, onto the next deal.
cheers
shaunLead, Follow or get out of the bloody way
Shaun,
Where are you from out that way?
If anyone is interested, the cheapest suburb in Wagga is Forest Hill, followed by Ashmont. FH is mostly houses (large Defence force community live there), and you can pick up lots of units in Ashmont. Two streets not to buy in in Wagga:
Edney Stree, Kooringal
Joyes Place, TollandAsk any local- those streets are renowned.
kay henry
Thank You guys. I will keep looking.Many Thanks[cap]
Originally posted by Rugbyfan:Don’t know about that. I almost bought a place in Parkes two months ago that was +ve CF. It required a bit of work but the land was huge and it was not far from the main street. Yield was 14.5%. Reason for not buying – I missed out (auction).
It was in an area of ex HC houses but most of them have no been sold. I am sure the outerlying areas of Wagga would still produce a gem or two.
Rugbyfan,
I hope you are not buying from Victor Ollis, He got about 1500 properties in surround areas. There are unlimited of property and land package from him for 10% return.
Kind regards
Jet Dollars
[Retire Young, Retire Riches] [strum]Rugbyfan,
I hope you are not buying from Victor Ollis, He got about 1500 properties in surround areas. There are unlimited of property and land package from him for 10% return.
Kind regards
Jet Dollars
You know me better than that Chan!
This one was a straight RE agent deal.
“Life is not a journey to the grave with the intention of arriving safely in a handsome and well preserved body, but better to skid in sideways, thoroughly used, totally worn out and loudly proclaiming . …… Hell, what a trip !!”
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