All Topics / Help Needed! / Commission housing in Orange

Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of boogebooge
    Participant
    @booge
    Join Date: 2011
    Post Count: 48

    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.

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069

    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
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of EngeloRumoraEngeloRumora
    Participant
    @engelorumora
    Join Date: 2010
    Post Count: 618

    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,

    EngeloRumora | Ohio Cashflow
    http://ohiocashflow.com/
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    "Make a PASSION an OBSESSION and you'll never work a day in your life"

    Profile photo of boogebooge
    Participant
    @booge
    Join Date: 2011
    Post Count: 48

    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.

    Profile photo of BMWBMW
    Participant
    @bmw
    Join Date: 2012
    Post Count: 25

    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.

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    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
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

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

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