NSW Illawarra revealed as Australia's strongest regional market

Hi Matt

How easy is it to find neutral or positive property in the Illawarra?

K

 

Easy. Here's one example. 2 Bed + Study . NRAS approved. @ 8.2K CF+

 

Looks like the Blue Mountains is taking over from the Illawarra now in terms of regional growth this year....Regional areas outpacing Sydney's price growth

 

The Shoalhaven areas is still going well too:
"The Illawarra Strategic Plan outlines a series of infrastructure projects for the area which is really helping confidence grow for both the Illawarra and the Shoalhaven.
“And the visible projects like the Berry bypass are really catching people’s imagination and people are really beginning to see the area isn’t as far away as they think.”

 

Hi @Pins sorry just got back from some travel. In short - its tricky but it really depends on your level of gearing, your interest rate and your tax situation. Falling rates should make anything with 70-80% lvr and cash deposit much easier to neutralise. It its 105% debt its still a bit harder. A reno can help if you have the stomach to improve the total yield on cost base.

 

Interested read from the QBE report in another thread:
QBE Australian Housing Outlook 2017-2020

Wollongong price growth expected to slow over the next few years to 2020, although no mention of what apartment prices will do.
It's fascinating seeing so many apartment blocks being constructed in the CBD - one would assume that this huge influx of supply would crush prices, but it just keeps getting absorbed.

 

Perhaps, the word "moderation" is more appropriate.
Price growth to moderate in Sydney apartments