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NSW Kelso (Bathurst) opinion please

Discussion in 'Where to Buy' started by kvellimalai, 13th Jul, 2015.

  1. kvellimalai

    kvellimalai Active Member

    Joined:
    25th Jun, 2015
    Posts:
    30
    Location:
    Sydney
    Hi All,
    One of my friend is interested to buy a property in the new development area for the price range of 405K.
    I read in the Somersoft forum search that Kelso is an area to be avoided. Is it the same still.

    What is the area to be considered in Bathurst?
    He is looking for CG and cash flow and hence that area he selected.

    Regards
    Velli
     
  2. Brady

    Brady Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    461
    Location:
    Adelaide, SA
    I purchased an established property in West Bathurst in 2012 for $265k it's now worth circa $320k rents for $350p/w. I think Bathurst will continue to do nice long term, no input on Kelso though sorry.
     
  3. kvellimalai

    kvellimalai Active Member

    Joined:
    25th Jun, 2015
    Posts:
    30
    Location:
    Sydney
    Thanks Brady for the advice.
     
  4. WattleIdo

    WattleIdo renovating Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,817
    Location:
    Central West NSW
    Was the advice to avoid the area because of type of tenant and proximity to houso? Or was it because there's a problem getting tenants? Like anywhere, if there's a healthy tenant pool you should investigate further, I reckon. Bathurst is a great place.