I was just wondering what peoples thoughts are on investing in orange and mudgee areas? is it to late? have I missed the boat?
Hi Redrager.
Orange in my opinion has run it's race as far as any quick gains or high yield are concerned. Don't get me wrong, long term it's a fairly safe bet of returning 6% PA as it has done for a long time now across the board, slightly better in good areas. But as far as the hotspot chasers paradise it's over. Right now, for the last 3 months the rental market has softened and people are starting to drop rents in all but top notch properties.
Mudgee from what I can gather is still a possibility but very hard to get into at the moment with little to pick from that's worth while. I haven't done extensive research on Mudgee so don't take my words on anything. I think a lot rests on what actually goes ahead there in the next 12 months or so.
Mudgee is experiencing somewhat of a boom and I have managed to get about 9% yield gross and 7.5% net. Although I would say definately go there though to have a look as you have to sort of the wheat from the chaff. It does have mining happening but also quite a good tourism industry with the Wine grown there.
Also have a look at Gulgong nearby.
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