Hi All
I’m strong considering investing in cash flow positive property in Lakes Entrance, Vic.
Here are some pros and cons:
– Average rental yields of 8.5% to 9.5% (Residex).
– Located by the sea.
– Its 3 hours drive from Melbourne CBD.
– Benefits from large volume of holiday makes in summer.
– May be set for capital growth (capital values have risen over the past few years but are still reasonable).
– Unemployment is above the State median.My overall thoughts are that this area exhibits some good rental yields (if purchasing above the average) and that it may also benefit from some capital growth in the medium future.
I would love to hear anyone else’s views.
By the way, I’m not really going to pay you a penny for your thoughts!
Cheers
Stu
Property & Finance News
at http://www.prosolution.com.auHi Stuart,
It’s a good entry point (or so I’ve been told) to the coastal market. There are others aswell. I still feel that you can achieve better results interstate in certain coastal towns, now achieving high capital growth.
Lakes Entrance is very popular during Summer, it has a great resturant called Miriam’s, there are wineries, fishing charters (most popular thing to do) or just fishing off the Jetty. It is a little township but it’s very popular. See if you can pick up a caravan park there! [
]
By the way, Mike and I didn’t catch one regulation sized fish while we were there. []
Better luck next time []Cheers
Sooshie []“Giving is a Blessing, receiving is the bonus”
Hi Stuart,
Yep, I reckon you’re onto it. I have felt this for some time, but haven’t been able to get down yet. Sale used to be quite cheap, but prices have really picked up. Lakes Entrance would be a good buy & hold area I reckon.
Good luck, & good fishin,
WILANDEL
Hi Stu,
Check your inbox…
Cheers
Sooshie []“Giving is a Blessing, receiving is the bonus”
]
]
]
]
The topic ‘A penny for your thoughts…’ is closed to new replies.
