Albury/Wodonga: what type of property is a solid investment?

Discussion in 'What to buy' started by 3LF, 10th Jan, 2020.

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  1. 3LF

    3LF New Member

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    10th Jan, 2020
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    Location:
    Albury
    Hi guys/girls,

    I am about to buy a property in Albury/Wodonga to live in for 1-2 years while I work in the area with the plan of cleaning it up and preparing it for a low maintenance rental property for the next 10 years or so.

    What property type is in high demand as a rental in this area?
    How do I find data on this?

    I know there is a couple of universities, big TAFEs, and i think growing industry... does this mean apartments, 2 bedroom houses or 4 bedroom houses?
    There is obviously lots of land around that is within a short commute from the CBDs, so is proximity to CBD move valuable for capital gains than land size?

    All I know is that shed space / storage / lockup garage is key - lots of country means boats, cars and caravans.

    Thank you for your wisdom.
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    You don't get those with a unit, townhouse or villa.
     
  3. Shogun

    Shogun Well-Known Member

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    I would guess University TAFE students like to be within walking or bicycle distance to campus. Also close to shops pubs etc
     
  4. yorkie

    yorkie Well-Known Member

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    sunshine coast

    Hi 3lf,
    I just moved away from that area, I was very interested in the north Albury area. Some quite cheap houses that need renos around the $2-300k mark close to infrastructure and the big shopping plaza.thats where I'd be concentrating.
     
  5. 3LF

    3LF New Member

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    Thank's yorkie. Are you talking close to the Albury central infrastructure or more north towards the Lavington 5-ways?

    cheers.
     
  6. yorkie

    yorkie Well-Known Member

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    Yes in around that area, probably more south of the shopping centre between there and Albury city. Close to schools etc.
     
  7. larrylarry

    larrylarry Well-Known Member

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    Did you end up buying? If you did, where?
     
  8. 3LF

    3LF New Member

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    Location:
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    I did buy - I liked the "central north" area as discussed above, but i did not find anything that was not already sold or i felt overpriced in that area at the time.
    I bought a 2 bedroom, 1980s double brick detached townhouse (in a block of only 2) with already renovated kitchen and bathroom and a lovely private garden. Quiet street that had lots of nice older houses on it in a pocket of Lavington.
    Albury is funny as its got lovely pockets of older solid built houses with established gardens tucked away, then 2 streets over its new housing estates full of "riff raf" or rows of older falling down moldy weatherboard joints with no charm. Driving around i found heaps streets i would want to live, right beside places i would steer well clear of.
     
  9. larrylarry

    larrylarry Well-Known Member

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    federation houses are beautiful. congratulations!
     
  10. BoringHall

    BoringHall Member

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    Congratulations.. I'm looking to buy in Albury in the next few months.

    Which areas should I be adding avoiding to get long term family tenants?
     
  11. Lacrim

    Lacrim Well-Known Member

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    Horses for courses but Albury/Wodonga and 'solid investment' in the same sentence?
     
    BoringHall likes this.