Forums / Property Investing / General Property / NSW Suburbs – Investing

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  • Profile photo of PropertyGuru31PropertyGuru31
    Participant
    @propertyguru31
    Join Date: 2018
    Post Count: 6

    Hello

    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.

    Cheers

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post 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.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
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    Investment Focused Finance Strategist - servicing Australia-wide

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,064

    Hi there

    Any particular reason you’re narrowing it down to only NSW?

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
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    Mortgage Broker assisting clients Australia wide Email: info@passgo.com.au

    Profile photo of IllusivedreamsIllusivedreams
    Participant
    @illusivedreams
    Join Date: 2018
    Post 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.

    Profile photo of PropertyGuru31PropertyGuru31
    Participant
    @propertyguru31
    Join Date: 2018
    Post Count: 6

    Hi Jamie, no particular reason, just the fact I am in NSW.

    Are there other growth areas across Australia worth looking at?

    Cheers

    Profile photo of Tony FlemingTony Fleming
    Participant
    @the-dark-knight
    Join Date: 2008
    Post 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.

    Tony Fleming | Triumphant Property Group
    http://www.triumphantpropertygroup.com.au
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    NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

    Profile photo of Eric WuEric Wu
    Participant
    @ericwu
    Join Date: 2017
    Post Count: 2

    have you looked at Brisbane? lots of ppl are looking there, Moreton Bay is one of the hot spot

    Eric Wu | RealWay Finance
    http://www.realwayfinance.com.au/
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    Mortgage Broker -- Helping Investors and Home Buyers

    Profile photo of propBuyer23propBuyer23
    Participant
    @propbuyer23
    Join Date: 2018
    Post Count: 2

    Agree about Brisbane.

    Hmm let me check out Moreton Bay.

    Can you recommend others?

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,975

    Brisbane is alive with good value bargains at the moment.

    Some great potential development sites or value add on areas.

    Cheers

    Richard

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
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    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of blackhotelblackhotel
    Participant
    @blackhotel
    Join Date: 2010
    Post Count: 137

    If your planning to be a multiple property purchaser look out for the dreaded Land Tax in Qld – absolutely ruthless! I’m deciding to sell because of it.

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