NSW Nowra? Shoalhaven

Discussion in 'Where to Buy' started by Mumma_K, 24th Jun, 2016.

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  1. Mumma_K

    Mumma_K Member

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    Last edited: 24th Jun, 2016
  2. larrylarry

    larrylarry Well-Known Member

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    What's the comparable sales price and rent? What's the vacancy like? Zoning?
     
  3. markson

    markson Well-Known Member

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    I like Nowra, it has had a lot of growth. Very low vacancy rate.

    There are **** areas of Nowra. Vendetta St is one of them (hence the name).

    Search Nowra on the forum and there is a few threads which explain the good and bad areas. South of Kalander st and east of princes Hwy is the housing commission area.

    If you use google maps street view you can work out the good and bads areas by the amount of graffiti and skid marks.

    Nowra? Shoalhaven

    NSW - South Coast - Shoalhaven
     
    Last edited: 24th Jun, 2016
    Propertunity, Mumma_K and ellejay like this.
  4. Mumma_K

    Mumma_K Member

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    thanks! :)
     
  5. Azazel

    Azazel Well-Known Member

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  6. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    This is @BuyersAgent stomping ground - he'll be able to provide some input.

    Cheers

    Jamie
     
  7. Ekin200

    Ekin200 Well-Known Member

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    It's been the best part of three years since this post was created, and I was wondering anyone in the PC community had any thoughts on the Shoalhaven / Jervis Bay / Nowra / Sanctuary Point areas and what time of the property clock has the area reached? Personally speaking, I bought a IP in January 2017 for 365k (3,1,2) and it is now currently valued at 415k. Honestly speaking, I was pleasantly surprised to see this increase as the original intention was to purchase a cash cow, hold long term with good rental yields. Would be interested to see what other PC members' thoughts would be on the area and whether there is much capital growth left before the end of the decade.
     
  8. virhlpool

    virhlpool Well-Known Member

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    Aren't they very low population areas? Can be a bit risky?
     
  9. Illusivedreams

    Illusivedreams Well-Known Member

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    Nowra had great growth. Would be a 30% return back than
     
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  10. Ekin200

    Ekin200 Well-Known Member

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    Yes. Low population areas with high unemployment rates. However it does attract a number of well to do retirees. Was pleasantly surprised about the capital growth in the last 12 months. According to my PM and recent experience, Rents have also gone up and its quite easy to secure tenants.