PropertyGuru31Participant@propertyguru31Join Date: 2018Post Count: 8
Do any of you recommend a good suburb (or group of suburbs) in NSW with good growth potential roughly in the range of $500k-$650k? I am thinking somewhere out west, but someone with some insights on this would be good.
CheersCorey BattParticipant@cjaysaJoin Date: 2012Post Count: 1,010
Most people think Sydney will be coming off the boil for the next few years after the recent huge spurt in growth (and this has already started happening) – so not necessarily the best time to buy. Same deal for the regionals.Jamie MooreParticipant@jamie-mJoin Date: 2010Post Count: 5,069IllusivedreamsParticipant@illusivedreamsJoin Date: 2018Post Count: 4
Hard to make Money in Sydney
But in saying that we just settled in Lurnea Sydney.
Was Low $600s
Building on it (dual key)
Return will be 5.5% Gross Yield.PropertyGuru31Participant@propertyguru31Join Date: 2018Post Count: 8
Hi Jamie, no particular reason, just the fact I am in NSW.
Are there other growth areas across Australia worth looking at?
CheersTony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396
Plenty of other states are performing quite well Qld, Tas and SA.
I wouldn’t invest in Sydney at the moment unless you were looking medium to long term. Obviously depends on your strategy and end goal but if you have your heart set on Sydney you could look at creating boarding house style properties close to universities/job hubs. They are quite hands on projects though.
If you need any help or guidance feel free to send me a PM.Eric WuParticipant@ericwuJoin Date: 2017Post Count: 2propBuyer23Participant@propbuyer23Join Date: 2018Post Count: 9
Agree about Brisbane.
Hmm let me check out Moreton Bay.
Can you recommend others?Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,018
Brisbane is alive with good value bargains at the moment.
Some great potential development sites or value add on areas.