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NSW Illawarra revealed as Australia's strongest regional market

Discussion in 'Where to Buy' started by Chilliblue, 27th May, 2016.

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  1. Chilliblue

    Chilliblue Well-Known Member

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    According to Your Property Investment and a callout to @BuyersAgent
    For those interested in reading LINK
     
  2. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    Having just put on a BA in the last few months for the South Coast / Illawarra, this is good news :D
     
    Chilliblue and larrylarry like this.
  3. larrylarry

    larrylarry Well-Known Member

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    Good for you!
     
  4. Chilliblue

    Chilliblue Well-Known Member

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    Not so good for us who are trying to buy
     
  5. larrylarry

    larrylarry Well-Known Member

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    I thought you bought some?
     
  6. Chilliblue

    Chilliblue Well-Known Member

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    Always looking to add to the portfolio
     
  7. BuyersAgent

    BuyersAgent Well-Known Member Business Member

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    Sorry chilli the market is indeed a cruel friend, we all want the growth without losing the bargains! Fortunately I think you will benefit from any gains more than most.
     
  8. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    There are a few hundred thousand properties to choose from Chilli. How many did you want to buy?
     
  9. sandyfeet

    sandyfeet Well-Known Member

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    But MYardney said less than 5% of properties are investment grade and they must be within 115 metres of the CBD :eek:
     
  10. ellejay

    ellejay Well-Known Member

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    I wouldn't have had a clue where to buy in this market without Matt @BuyersAgent. I reckon it's an amazing region, love it.
     
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  11. alexm

    alexm Well-Known Member

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    115 metres of the CBD? Sounds like MYardney is smoking crack cocaine. That makes all other investment properties duds. Is Myardney some sort of property Oracle?
     
  12. Patamea

    Patamea Well-Known Member

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    Beautiful spot and great for investing
     
  13. sandyfeet

    sandyfeet Well-Known Member

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    Was being facetious, not sure about the crack cocaine!
     
  14. euro73

    euro73 Well-Known Member Business Member

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    Sold some great NRAS approved apartments in Fairy Meadow a couple of years back, which are @ 300 metres walk to the station and @ 1KM to the beach... Wollongong University is close, and there is a really good village culture evolving in area, with several new shops, supermarkets and cafes now open. Easy enough commute to Sydney, and all those national parks and beaches within a very short distance...
     
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  15. BuyersAgent

    BuyersAgent Well-Known Member Business Member

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    Aw shucks @ellejay thanks so much. Your'e lovely. Kudos was to you for moving quickly on that house. Its a keeper.
     
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  16. BuyersAgent

    BuyersAgent Well-Known Member Business Member

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    He has done well over a long time but the model they have is to set up a cbd office, market to high income clients and push capital gains inner city investing to the exclusion of any other options. His BA's wouldn't even come to Wollongong.
     
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  17. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    That's a figure that we find too and I'd therefore agree.

    Now I don't think he said that :confused:
     
  18. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Nice read Matt!

    Cheers

    Jamie
     
  19. RenegadeDom

    RenegadeDom Well-Known Member

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    Bought an IP here last year and am currently finishing off a secondary dwelling at the same property. I'm liking this article :)
     
  20. AlbertWT

    AlbertWT Well-Known Member

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    What does that means for the suburb if it has NRAS property in the vicinity ?