- young.learnerMember@young.learnerJoin Date: 2003Post Count: 37
I am currently living in the north shore sydney suburbs, and am looking for a posotive cashflow investent property in Sydney. I have not been able to find many good properties, but i’m still searching. If someone has any advice please post it on this forum.
KaranPropertyCount0Member@propertycount0Join Date: 2003Post Count: 5
I haven’t found any in the city areas that I can easily aqcuire and are postive – reason, property prices seem to be too high!RugbyfanMember@rugbyfanJoin Date: 2003Post Count: 683
I also live on the North Shore of Sydney and have realised VERY quickly that there is no residential real estate that meets the +ve cashflow criteria in the Sydney region. My suggestions to you is to go outside your comfort zone into areas that you may not have thought of ie. regional NSW (and other states).
The regional areas, whilst not necessarily attracting huge Cap. gains, will certainly offer a greater chance of +ve cash flow. Yields are generally higher in regional areas.
There has been talk in this forum of some bedsitters in the Kings X area being positive cash flow but the resale oportunities seem to be not as good as your average property.
Good luck with your searching and you never now what is around the corner
‘Eat rich food, barbeque a yuppie’wannabe2Member@wannabe2Join Date: 2003Post Count: 65
not cash +ve but a great place to invest is in the wollondilly area around picton i live in wilton and the growth predicted for the next 5 years is around 13-15 % per year,prices are rising fast but are still cheaper than the rest of sydney with a lot of good benefits to investing here