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

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

Join Australia's most dynamic and respected property investment community
  1. Brad81

    Brad81 Active Member

    Joined:
    19th Jun, 2015
    Posts:
    44
    Location:
    Nowra
    Thoughts on both from the floor please?
     
    Brad81, 27th Jun, 2015
    #1
  2. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Investard county
    Avoid. If you want to buy anywhere near there go to Newcastle or GTFO.
     
    Biz, 27th Jun, 2015
    #2
  3. Brad81

    Brad81 Active Member

    Joined:
    19th Jun, 2015
    Posts:
    44
    Location:
    Nowra
    GTFO?
     
    Brad81, 27th Jun, 2015
    #3
  4. Brad81

    Brad81 Active Member

    Joined:
    19th Jun, 2015
    Posts:
    44
    Location:
    Nowra
    And what's your reasoning for such a solid statement
     
    Brad81, 27th Jun, 2015
    #4
  5. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Investard county
    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...
     
    Biz, 27th Jun, 2015
    #5
  6. Brad81

    Brad81 Active Member

    Joined:
    19th Jun, 2015
    Posts:
    44
    Location:
    Nowra
    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.
     
    Brad81, 27th Jun, 2015
    #6
  7. Brad81

    Brad81 Active Member

    Joined:
    19th Jun, 2015
    Posts:
    44
    Location:
    Nowra
    And I'm on a shoestring budget no higher than 300k And wanting house not unit.
     
    Brad81, 27th Jun, 2015
    #7
  8. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Investard county
    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.
     
    Biz, 27th Jun, 2015
    #8
  9. Brad81

    Brad81 Active Member

    Joined:
    19th Jun, 2015
    Posts:
    44
    Location:
    Nowra
    Ok mate thanks for your thoughts
     
    Brad81, 27th Jun, 2015
    #9
  10. Vacant

    Vacant Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    143
    Location:
    Port Stephens
    +1 for Lake Macquarie. I wouldn't touch Cessnock. As has been said, there's not enough competition to drive CG.
     
    Vacant, 29th Jun, 2015
    #10