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NSW 300k and wanting 3bdrm property

Discussion in 'Where to Buy' started by Brad81, 23rd Jun, 2015.

  1. Brad81

    Brad81 Active Member

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    Here's a challenge......... 300k and wanting a 3bdrm property in NSW. CG is the investment plan.
     
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  2. beachgurl

    beachgurl Well-Known Member

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    Do you have a time machine?
     
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  3. Brad81

    Brad81 Active Member

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    Yeah I know right :D
    therein lies the challenge
     
  4. marty998

    marty998 Well-Known Member

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    I think you could find something out in a (very) regional area if you looked hard enough. Not impossible but not easy either.
     
  5. AlbertWT

    AlbertWT Well-Known Member

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    Hm.. not even in Wollongong (South Coast) area you can get that price.

    Around 2009 my friend sold his 3 bedders (Full brick) in Figtree NSW 2525 for $250.000
    because he's moving to CORDEAUX HEIGHT NSW 2526 after he bought the 6 bedders mansion there for $650k.
     
  6. D.T.

    D.T. Adelaide Property Manager Business Member

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    Adelaide, SA
    Why restrict yourself to nsw?
     
  7. mini2

    mini2 Well-Known Member

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    Expand that to Vic/Qld and it's still a bit challenging.

    (you could almost buy 2 in SA's...)
     
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  8. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    Another "Why NSW?" from me.
     
  9. JMica

    JMica Well-Known Member

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    Here you go.. image.jpg
     
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  10. bob shovel

    bob shovel Well-Known Member

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    Somewhere in the land of Oz
    sydney! closer to the city the better!
    according to the "experts" in a few months you'll be the monoploly man! hat and all!:D
     
  11. Brad81

    Brad81 Active Member

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    ok, nsw because I intend to be one of those "do not buy sight unseen" types and a buyers agent doesnt cut it for me. Im only starting out so Im not carrying bags of cash to jetset around myself. I live in nsw and can afford an overnighter if the area deems it worth a visit. Im thinking maitland. oversupply is drying up heading back under 3% in spite of the rest of the region. It had slumped in value after the mining boom eased and the major highway completion last year saw alot of people leave the area. The adjoining suburbs (Rutherford and east Maitland) are surging. And the newly released budget shines relatively well on the Hunter region as a whole.

    Most Maitland properties currently under 300K
     
  12. Arashi87

    Arashi87 Well-Known Member

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    Try Wagga , they got university, hospital and train line ...
     
  13. Michael_X

    Michael_X Mortgage Broker Business Member

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    Gold Coast/Sydney
    Are you willing to do some work? See a few renovators around Newcastle for that price.

    Cheers,
    Michael
     
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  14. Brad81

    Brad81 Active Member

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    If the price is right Michael, are you talking surrounding suburbs??
     
  15. Tekoz

    Tekoz Well-Known Member

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    Why Maitland (the haunted city of NSW according to the Ghost tour brochure in Hunter Valley)?

    Have you consider the PIE factor yet ;-)
    P: Population growth rates and who will be staying there ?
    I: Infrastructure upgrade projects
    E: Economy, so what drives the economy in the area ?
     
  16. Michael_X

    Michael_X Mortgage Broker Business Member

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    Yeh, around Newcastle. Know a few investors looking for renovators in Newcastle and have seen prices around the $300,000 mark.

    Cheers,
    Michael
     
  17. Pistonbroke

    Pistonbroke Well-Known Member

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    Plenty of people commute to Newcs from the area. Cessnock might be an option too but fewer government agencies (jobs).
     
  18. Doozer

    Doozer New Member

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    Cairns
    With 4.3% vacancy rate? Hell no.
     
  19. Mick C

    Mick C Well-Known Member

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    NSW and Sydney is 2 difference market!! LOL

    You can find some $300k 3 bed in regional NSW ...but good luck on the CG.
    All the talk about massive CG ...is all in SYDNEY + Wollongong + Gosford+ Newcastle + Central coast etc... not NSW as a whole as such.
     
  20. strongy1986

    strongy1986 Well-Known Member

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    Well I reckon there's still good options

    Port mac
    Central coast
    Coffs
    Tweed...

    All would be good for cg

    Won't happen overnight but I guarantee in two years from now everyone will be ranting about these areas (maybe perth as well)

    Sydney melbourne bris and Adelaide will be distant memories
     
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