NSW newcastle v wollongong

Discussion in 'Where to Buy' started by matt carmen, 12th Oct, 2015.

Join Australia's most dynamic and respected property investment community
Tags:
Page 6 of 7
  1. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Awesome, should be some bargains around for some time to come in the middle ring burbs.
     
    Azazel, 20th Jun, 2016
    #101
    Tekoz likes this.
  2. Tekoz

    Tekoz Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,374
    Location:
    Sydney
    @Azazel Do you mean in the middle ring of Wollongong or Newcastle CBD ?
     
    Tekoz, 20th Jun, 2016
    #102
  3. samiam

    samiam Well-Known Member

    Joined:
    5th Sep, 2015
    Posts:
    2,130
    Location:
    on my way
    samiam, 21st Jun, 2016
    #103
  4. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    larrylarry, 21st Jun, 2016
    #104
  5. samiam

    samiam Well-Known Member

    Joined:
    5th Sep, 2015
    Posts:
    2,130
    Location:
    on my way
    I love newie and wants to see it better though no ip yet
     
    samiam, 21st Jun, 2016
    #105
  6. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    It's better than no funding at all. Newy has moved a lot...little room to grow I reckon?
     
    larrylarry, 21st Jun, 2016
    #106
  7. samiam

    samiam Well-Known Member

    Joined:
    5th Sep, 2015
    Posts:
    2,130
    Location:
    on my way
    yes, still growing but not crazy as a couple of months ago where 20+ groups attending
     
    samiam, 21st Jun, 2016
    #107
  8. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Oops, got confused with the Brisbane thread again.
     
    Azazel, 21st Jun, 2016
    #108
    Tekoz likes this.
  9. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    I thought you weren't buying in newy?
     
    larrylarry, 21st Jun, 2016
    #109
  10. samiam

    samiam Well-Known Member

    Joined:
    5th Sep, 2015
    Posts:
    2,130
    Location:
    on my way
    We bought ppor. Can't help attending opens.. looking for good value IPs :p
     
    samiam, 21st Jun, 2016
    #110
  11. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

    Joined:
    28th Jun, 2015
    Posts:
    858
    Location:
    Darlinghurst Sydney
    I was looking at Newcastle last year... Made many offers but too overpriced.. Luckily on the way back to Sydney I stopped at a place called Lake Haven where my Ip of 10 months has grown in value about 40k
     
    Darlinghurst Boy, 22nd Jun, 2016
    #111
  12. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    There are still some for value add. Look for period features. Close to city. Gentrification. And CG will follow.
     
    larrylarry, 22nd Jun, 2016
    #112
    samiam likes this.
  13. Mumma_K

    Mumma_K Member

    Joined:
    21st Jun, 2016
    Posts:
    6
    Location:
    Sydney
    Hi Guys.... been stalking for a while and this is my first post.:oops:

    Hubby and I are looking at buying a IP in Warilla - it has zoning R3 for future development. We are at an advantage as we run our own building company.

    Anyone have any thoughts on Warilla? is the market still moving up?? very nervous as its our first property as we currently only have our PPOR

    thanks guys :)
     
    Mumma_K, 24th Jun, 2016
    #113
  14. ellejay

    ellejay Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    2,192
    Location:
    Kimberley and NZ
    I bought in Mount Warrigal over a year ago and the market has moved a fair bit. I'm not local though @BuyersAgent should be able to give you the latest.
     
    ellejay, 24th Jun, 2016
    #114
  15. BuyersAgent

    BuyersAgent Well-Known Member Business Member

    Joined:
    20th Jun, 2015
    Posts:
    1,401
    Location:
    Oz
    Hi @Mumma_K welcome to the forum! Hang around there are loads of goodies in here...

    Warilla is highly deal dependent at the moment. Some stock is still good, other stuff is overpriced. It depends. Sorry can't be more helpful. Stock is still low as are vacancies but prices are up off the bottom too. If you want to PM me the address I might be able to comment further.
     
    BuyersAgent, 24th Jun, 2016
    #115
  16. Mumma_K

    Mumma_K Member

    Joined:
    21st Jun, 2016
    Posts:
    6
    Location:
    Sydney
    have sent you a PM thanks!
     
    Mumma_K, 24th Jun, 2016
    #116
  17. Lisa

    Lisa Member

    Joined:
    24th Jun, 2016
    Posts:
    6
    Location:
    NSW
    hi, I have one in wollongong and it has gone up quite abit since I bought it. Rents quite well. Some people say near universities are better. But you have to know that university tenants can be an issue, some don't maintain them well. Due to the age group and maintenance. But the price point is lower to enter in this type of market compared to sydney and costs to clean is not huge. plus tax deductible. Newcastle isn't too bad and you find you have more corporates renting and uni students.
     
    Lisa, 24th Jun, 2016
    #117
  18. Rich W

    Rich W Well-Known Member

    Joined:
    16th Feb, 2016
    Posts:
    73
    Location:
    Sydney
    Rich W, 7th Jul, 2016
    #118
  19. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    larrylarry, 7th Jul, 2016
    #119
  20. Adrianz

    Adrianz Active Member

    Joined:
    20th Sep, 2015
    Posts:
    25
    Location:
    Sydney
    Check out Austinmer, relaxed beachy suburb which will be good for the kids, and not far from train station should a trip to Sydney be required, which is approx 1.5hrs to Central station
     
    Adrianz, 12th Jul, 2016
    #120
Page 6 of 7