NSW Orange NSW and Central West

Discussion in 'Where to Buy' started by dabbler, 28th Sep, 2019.

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  1. euro73

    euro73 Well-Known Member Business Member

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  2. LibGS

    LibGS Well-Known Member

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    The PM for my NRAS properties or the valuer must be a dud. Earlier this year they got a new evaluation of the rents as is required by the legislation, and they went down.
     
  3. Serveman

    Serveman Well-Known Member

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    I looked at Orange about 3 years ago and I didn't buy ( my loss maybe) because I was concerned at the time of the 5 percent plus vacancy. It was about the time when Electralux closed its factory and a mining business shut down.
    I was told at the time that regional places were more exposed to things like this than capital cities. I was also told that the problem in investing in inland country towns was that there was always the risk of new land being developed and this would hinder capital growth.
    Come 2019 and there is talk of how great the place is.
    Here's a question, If you were investing to buy a house for 400k for a capital growth play would you invest here or go to a capital city like Adelaide and buy in the southern beaches suburbs like Hallett Cove or would you go somewhere else?
     
  4. euro73

    euro73 Well-Known Member Business Member

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    I don't know... I look for deals where clients can invest and run properties P&I and pay them down. I don't hunt for growth hot spots where things may or not pay off....

    I'm concerned more with assets that self fund, self amortise and self fund retirement

    All I can tell you is that Orange has been the single most stable market in the nation 20 years running - which is no bad thing :)
     
  5. sash

    sash Well-Known Member

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    No it is not...just like Sydney where rents have come off up to 30%...it too will come down when the cycle progresses. Silly to say anyone one market is resilient.
     
  6. euro73

    euro73 Well-Known Member Business Member

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  7. larrylarry

    larrylarry Well-Known Member

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    I just arrived in Orange. :)
     
  8. euro73

    euro73 Well-Known Member Business Member

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    Visiting or relocating ?
     
  9. euro73

    euro73 Well-Known Member Business Member

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  10. euro73

    euro73 Well-Known Member Business Member

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  11. euro73

    euro73 Well-Known Member Business Member

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  12. euro73

    euro73 Well-Known Member Business Member

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  13. euro73

    euro73 Well-Known Member Business Member

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    One of our Dual Occ's under construction in Orange NSW
    Goulburn Construction .jpg
     
    Cousinit likes this.
  14. larrylarry

    larrylarry Well-Known Member

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    Visiting and it’s raining. Will also check out some properties if time permits. Pretty busy town.
     
  15. euro73

    euro73 Well-Known Member Business Member

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    Swing past Miriam Drive... we have a couple of Dual Occ's that are just finishing up...

    You'll also find some built between 2016-2020 on Young Street, Andres Street, William Maker Drive, Emmaville Street, Buckland Drive, Platinum Drive, Turquoise Way , Stevenson Way and Myrtle Close
     
  16. larrylarry

    larrylarry Well-Known Member

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    Thanks @euro73
     
  17. KingBendtner

    KingBendtner Well-Known Member

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    Hi @euro73
    Looking to invest in the next 6-12 months.
    I've been following this thread and learning Orange.
    I don't have the budget (at this stage/future) to go down the dual-occ route
    If I come with a price point of 300k, looking for above 6% yield, am I comprimising capital growth?
    What are your 2 cents?
     
  18. Kersertwo

    Kersertwo Active Member

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    What area of Orange would you suggest?
     

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  19. boganfromlogan

    boganfromlogan Well-Known Member

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    Millthorpe :)