- Sonny JIMMember@sonny-jimJoin Date: 2004Post Count: 7
I have been searching the country for positive cashflow deals, I’ve only located 3 places, Ipwich QLD, West coast of Tasmania, and Armidale. Any other suggestions appreciatedRodCMember@rodcJoin Date: 2002Post Count: 335
If you do a search back through the forums you’ll find many places have been mentioned in the past.
Of course every town has it’s own special set of potential risks which need to be considered.
Rod.Sonny JIMMember@sonny-jimJoin Date: 2004Post Count: 7
Sorry I’m still getting used to this forum.RodCMember@rodcJoin Date: 2002Post Count: 335
That’s fine, welcome aboard.
I don’t know much about Ipswich, but many others have done OK there. May not be much CF+ve left.
West Coast Tassie, unemployment?
Armidale, University town, students.
As you can see different towns, different risks. But also different opportunities.
Rod.depreciatorMember@depreciatorJoin Date: 2003Post Count: 541
I spoke to an agent in Armidale last year – sort of a friend of the family. I wasn’t looking for property, it was a social chat.
He happened to mention that there was a story doing the rounds of the local real estate agents that a Sydney investor had bought 24 houses over the phone through one agent.
Not sure if it was true or not. I do know there was a price surge in Armidale during the boom (as there was in most towns). Not sure what’s going on there now. It’s a good town, but yes the university would make the rental pool a tad transient.
I’m selling a cf+ property in Inverell (west of Armidale).