NSW Broken Hill for first IP?

So from the above the BEST from the regional gave you 27k/approx. 9% growth in 8 years compared to the WORST metro being Chermside was 125k/approx. 30% in 8 years.

Boy the regionals are the place to be!

 

wrong comparison mate?

thats like comparing serviced apartments to regional properties

you have to compare apples with oranges at least, not apples with cars

the reason why regionals have higher yields is that repairs etc are a higher % of net income

PLUS

they are usually more volatile and rental demand is very up and down or low

PLUS

overall lower chances of CG

mining towns have higher rents due to a totally separate risk factor

 

you also just splurted a whole lot of impressive stats on the tail of a huge property boom,

hardly a fair comparison,

ok fast fwd 5 years and take the stats from 2016-2021

if the regionals start booming now while metro plateaus, your argument is going to be pretty mute

 

You flag it and do the comparison in 2021 and tag me in it, I have spent enough time on this thread.

I am confused on what we are talking about here now is it..

1. BH
2. Regional vs Metro
3. That we are comparing recent booms to non boomed towns?
4. Something else?

If it is point 3.. I wouldn't call all having huge booms some have increased 30% in 4 years.. which is 7.5% p.a. avg, hardly booming.

If you compare 08-12 period some didn't increase (chermside) whilst Dadndenong went up approx. 14%.

Compared to Gladstone (best) at approx. 18% (4% better) but the other 2 were 5% and -15%... If you average all 3 it is 2.66%

Compared to Brisbane (as it was probably the worst performing city in this period)

Mansfield - 2.8%
Greenslopes - 3.4%
Chermside - 0%

Avg - 2.06% (-.6% difference compared to the 3 regional towns used above)

Yes there are different markets and timing is a huge benefactor and each person with their own risk profile and strategy. However very few make it rich chasing CF...

 

Did you even read the thread before this comment?

 

Yeah. Did you read my comments?

You dont have to get defensive if people point out certain things in your posts

Getting defensive and then threatening to leave the conversation isnt going to do your credbility any good. So i suggest if you want to be taken seriously to stay put , give reasons for your views and accept that people have different opinions and you can be wrong

 

Well aware of all of this
The reason people were talking about regionals on ss back then was because people were making money - they wernt on capital cities

Fast forward to now and the capitals have boomed and regionals have sunk- so everyone is thinking only ever invest in capitals

its fair to say the regionals were overvalued and now they have busted.
Ill be happy to buy in regionals for the right price

My place in brisbane has done pretty well over the last few years - bought that when noone was talking brisbane because the whole city was ridiculously cheap - wish i had more funds back then to load up with a few more

Broken hill - once again i never said its the place to invest, quite the opposite for most people
I was out of work when i bought it - 48k
Rennoed it in a week and bank revalued at 100k
Rented within one week at $200
Used the equity to buy something else now i have a job again....

 

Yes I did, did I not address each takeaway from your comments (besides the post of did you read the thread) as again I have spent far to much time on this.

Re leaving - It is more the time I have spent on the thread and the facts I have present... So far no one has provided anything to the contrary except 'I disagree'.. Would be a boring thread if everyone post 'I agree/disagree' without explaining why. When people think they are providing reason (e.g. you are cherry picking) they are only providing their thoughts and no actual information.

My information is very credible, I have provided reference for each bit of information to support it. Very few do, so please do not question my credibility.

 

Median house prices

Salisbury
2007 - 410k
2012 - 428k

South Gladstone
2007 - 309k
2012 - 435k

Source realestate.com.au

 

I agree but which regional towns is the $1,000,000 answer, as I have mentioned before you get it right you get it RIGHT but if you get it wrong it can be wrong or WRONG.

Understand your risk and your strategy and select the property that will match them. Property investing is not a sprint it is a marathon or journey, everyone will have a different path.

However if you look at a lot of the successful investors the majority have made it through metro not regional (gotta question why).

 

Calling me cherry picking...

Parramatta
2013 - 654k
2016 - 1.06M
62% increase in 3 years

Gladstone South - 40.7% in 5 years.

This is what you call cherry picking...

 

i havent referred to your information being credible or not as I assume that stats can be skewed however cant be outright lied, so I assume any stats that you or anyone else posts is a fair reflection of the truth

I was referring to other aspects

 

which regionals are you referring to as busted? the mining towns?

the non mining towns have all been pretty stable, pretty much no growth or average growth

ps you can get houses in wellington for like $80k rent for $150 per week, which is almost 10%, but I personally wouldnt buy it.........................(says the person who bought in ashmont!)

 

I was taking the mickey

Showing how silly it is to pick out 5 year periods in time to support an argument

You can cherry pick any period in time to support your desired outcome

Would be intetesting to see some long term stuff - at least 20 years, to compare fluctuations

 

Most towns in qld
Rocky, mackay, i bought a place in townsville last year for 100k less than the 2007 purchase price
I think some of the inland nsw towns will struggle - orange , dubbo - seem a bit overpriced
WA - you know the story
Darwin - will crash
All of tassy - hobart has a kick through tourism
SA - whyalla, pirie, augusta are rock bottom

Regionals that may be primed - bendigo, ballarat, port macquarie, coffs- all of nsw coast
Qld holiday spots - been thrashed last 7 years , ready to bounce

 

Go do your own research and report back the 20 year, I think I have a very good understanding on what has happened.

As I would hate to cherry pick..

I have provided a 4 and 8 year feedback I would hardly call this cherry picking...

 

Big will maybe take a look at this link because your understanding isnt as good as you think

No Cookies | The Courier Mail

Salisbury houses 2002. 2011. %
172k. To 440k. 155%

South Gladdy house
110k. To 383k. 197%

Ok ill be fare and adjust to current medians

Salisbury. 172k. To 530k. 208%
South gladdy. 110k. To 327k. 197%

Cashflow would of been better in gladstone over that period too. So over a 14 year period its pretty even really
Swings and roundabouts

Hopefully this ends your ranting

 

Also. You can see that all the holiday spots in NQ had the lowest growth, some even negative over a 9 year period
They are the next hot spots

 

I disagree.

I believe Broken Hill will be the next hot spot .

I can feel it in my bones!!!

 

I was going to stay out of this but couldn't resist..
We can find stats to show anything, have a look at these:
Metro
Goodna Investment Property Market Data
or
Bundamba Investment Property Market Data
Regional
Toowoomba City Investment Property Market Data

Bathurst Investment Property Market Data

Its important to take a long term view, SEQ Metro has been a dog of a performer for about 6 years until recently.
Which would you have rather held over the last 5 years?