Commission housing in Orange

Viewing 6 posts - 1 through 6 (of 6 total)

booge
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@booge
Join Date: 2011
Post Count: 48
March 6, 2012 - 5:19 am
I’m after some info on the town of Orange. Being a Victorian I know nothing about it from a personal point of view. Seems like affordable houses to buy with good rental returns, I’m still just starting research. I have seen some information regarding big increases in the last few years in public housing being built in Orange.
Is the area becoming a public housing haven?? I’d hate to buy in a dumping ground for the unemployed.
Jamie Moore
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@jamie-m
Join Date: 2010
Post Count: 5,069
March 6, 2012 - 10:15 am
Orange has been a bit of a hotspot for some time due to the mining.
With the cheap housing, I think some of them are restricted to certain purchasers (ie. not investors).
I think it's one of those places where it's probably best to hit the ground and scope it out yourself.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
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EngeloRumora
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@engelorumora
Join Date: 2010
Post Count: 618
March 6, 2012 - 9:42 pm
Most of the housing commision has an owner occupier clause. I think you missed the boat for Orange has already had decent growth in recent years,
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booge
Participant
@booge
Join Date: 2011
Post Count: 48
March 6, 2012 - 10:32 pm
I’m only fairly new to the whole property investing thing. Wish I’d started sooner but there still seems to be some reasonable rental returns for the price compared to many other places.
BMW
Participant
@bmw
Join Date: 2012
Post Count: 25
March 7, 2012 - 12:04 pm
You might want to check with a few local property managers, In Dubbo many of the property managers won't take on properties in high density housing commission areas.
Jamie Moore
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@jamie-m
Join Date: 2010
Post Count: 5,069
March 7, 2012 - 1:06 pm
BMW wrote:
You might want to check with a few local property managers, In Dubbo many of the property managers won't take on properties in high density housing commission areas.
I was speaking with someone about Wagga IPs the other day and they mentioned the same thing with PM's up there.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
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