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NSW Regional.......Cessnock or Maitland shire?

Discussion in 'Where to Buy' started by Brad81, 27th Jun, 2015.

  1. Brad81

    Brad81 Active Member

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    Thoughts on both from the floor please?
     
  2. Biz

    Biz Well-Known Member

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    Avoid. If you want to buy anywhere near there go to Newcastle or GTFO.
     
  3. Brad81

    Brad81 Active Member

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  4. Brad81

    Brad81 Active Member

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    And what's your reasoning for such a solid statement
     
  5. Biz

    Biz Well-Known Member

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    Been burnt in the past, seen other in my family burnt too. They go nowhere, not enough in those places to drive CG.

    GTFO? Google it...
     
  6. Brad81

    Brad81 Active Member

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    Fair point but I'm seeing 20-30% over 3-5 yrs in east Maitland for example. No Sydney, I agree, but nowhere is or never will be Sydney.
     
  7. Brad81

    Brad81 Active Member

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    And I'm on a shoestring budget no higher than 300k And wanting house not unit.
     
  8. Biz

    Biz Well-Known Member

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    You have to be careful with those graphs, not as many sales in those areas so you will find the data is a bit thin. Look at actual comparable sales to draw your conclusion.

    Under 300k for a house, look at the Lake Macquarie area. You'll find houses around that price range there and it is closer to the action.
     
  9. Brad81

    Brad81 Active Member

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    Ok mate thanks for your thoughts
     
  10. Vacant

    Vacant Well-Known Member

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    +1 for Lake Macquarie. I wouldn't touch Cessnock. As has been said, there's not enough competition to drive CG.