NSW Start buying in Brewarrina and Bourke

Discussion in 'Where to Buy' started by MyDarlinghurst, 18th Oct, 2017.

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  1. Icarus

    Icarus Well-Known Member

    Joined:
    17th Jul, 2015
    Posts:
    165
    Location:
    QLD
    My old housemate purchased 2 properties in Bourke a few years back (8-10 years) - both had long term leases to the police/education dept. They were cheap and achieving 10+% return at the time of purchase. It was his first foray into property investment... Could be a lot worse places to buy; and on the flip-side, there could be lots better places too!
     
  2. Smasher

    Smasher Well-Known Member

    Joined:
    30th May, 2017
    Posts:
    65
    Location:
    Sydney
    A mate of mine bought a couple of places in Wagga. Both were achieving over 8% and the tenants were fine due to the Uni. CG was bugger all but not a bad way to quickly build up equity to invest elsewhere.
     
  3. TAJ

    TAJ Well-Known Member

    Joined:
    10th Oct, 2017
    Posts:
    1,214
    Location:
    Northern NSW
    I think Wagga is a different kettle of fish to Brewarrina.
     
    Rich2011 and hash_investor like this.