Regional NSW

Viewing 10 posts - 1 through 10 (of 10 total)

dennis
Member
@dennis
Join Date: 2003
Post Count: 22
August 22, 2003 - 10:59 am
I would like to buy a site and build single storey townhouses in Orange, Wagga or Tamworth. I know these areas and I like them.
Does anyone have any idea of the per unit site price in these areas. I know I have to do my own research but indications may help me narrow down the search.
Regards, Dennis
beancounter
Participant
@beancounter
Join Date: 2003
Post Count: 10
August 22, 2003 - 11:10 am
Hi Dennis
If Wagga is anything like Albury, there is minimal vacant land close to the CBD. As a guide a 800 sq metre block with an older type house in Albury will set you back anywhere bw 180K & 250K
You wont get your positive cash flow when you build your townhouse.
Hope my comments assist.
Cheers
Beancounter
junior2
Member
@junior2
Join Date: 2003
Post Count: 50
August 29, 2003 - 4:41 am
Cant help you on this one sorry dennis but i am interested in the sanme idea. I have no idea how to go about starting an investment property from scratch (eg buiding flats ,units, town houses) what kind of initial outlay is required? ALso what is the average price of x commission homes in orange and wagga and how bad a rep do the commission areas have?
Thanks
J
Teylu
Member
@teylu
Join Date: 2003
Post Count: 68
August 29, 2003 - 5:14 am
Guys and Gals,
Look around Armidale.
I have seen blocks of flats up for sale.
New Engalnd Campus is there and always growing. Plenty of Students to Accomodate.
Cheers
Teylu
(Central Coast, NSW)
“What have you done to make your life better?”
(American History X)
aj_2
Participant
@aj_2
Join Date: 2003
Post Count: 86
August 29, 2003 - 5:17 am
Hi Dennis
If you are looking at wagga don’t uderestimate the defence force there actually the defence force housing web site may be of use they seem to have houses you buy then they lease back from you for a long period they may have some land for you??
aaron
Administrator
Keymaster
@piadmin
Join Date: 2013
Post Count: 3,225
August 29, 2003 - 5:23 am
Hey guys,
I have been sort of monitoring Wagga for about 6 months (since I have a block there) and it seems that a 2 br unit can range from about 70k for a really older crappy one to over 300k for a nice new one. You can easily get indications from websites such as realestate.com.au Apparently according to the real estate agents out there, the prices didn’t move for like 10 years.. until like the end of last year when (my ones at least) doubled.. some are skeptical that it will rise anymore.. more likely plateau.
That isn’t really much info, however I hope it helps.[]
Cheers,
Angie
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junior2
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@junior2
Join Date: 2003
Post Count: 50
August 29, 2003 - 7:08 am
Aaronn,
Great idea! whats the website for the defence housing? would that be under the army website, or would you have to call somewhere to get a hold of the responsible authority?
aj_2
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@aj_2
Join Date: 2003
Post Count: 86
August 29, 2003 - 7:18 am
quote:
Aaronn,
Great idea! whats the website for the defence housing? would that be under the army website, or would you have to call somewhere to get a hold of the responsible authority?
Try http://www.dha.gov.au a warning check the local prices I’m not saying they would put there prices up
junior2
Member
@junior2
Join Date: 2003
Post Count: 50
August 29, 2003 - 7:34 am
Thanks Aaron!
the site is actually http://www.invest.dha.gov.au
thanks again
j
ShaneB
Member
@shaneb
Join Date: 2003
Post Count: 62
August 29, 2003 - 8:08 am
I think the best answer to get in the carand drive and check places out (in my experience).