Hi all, have been looking at regional areas lile orange and have recently come across baturst. Just wondering what peoples thoughts on in estin in bathurst are for a long term investment. Preferably something I can rent out that would pay for itself.
It is still many months away. I think the Mustangs will be hard to beat unless they are further handicapped. Oh a property question never mind.
Herron Todd White places Bathurst in a rising market at the moment. Market-in-markets ... During my last trip to Bathurst, many of the locals have noticed a lot of developments happening in the area. They are also planning (and currently) on widening the Great Western Highway due to traffic demands.
I’m also looking at Bathurst. With a uni, large hospital and lots of jobs and a cheap entry price it looks like a treat investment.
I've lived in Bathurst for most of my life, it's a beautiful area and property prices seem to have had a nice surge recently, maybe a delayed reaction/knock-on effect of the Sydney run of a couple of years ago ? There are predictions of a large increase the towns population over the next decade which will no doubt put pressure on housing however there's literally miles and miles of flat to semi flat building land available that will no doubt be opened up as the local council sees fit, there would be enough room to build another Bathurst imo. The water situation is also a worry at the moment, likely to run out by March 2020 if we don't get decent rain. My (very unqualified) advice would be to look at older federation style houses close to the cbd as they are becoming harder to get hold of and bring a premium when tastefully renovated, there is also some gentrification taking place in the areas directly around the train station. I'm buying my first IP soon but it won't be in the Bathurst area, will be somewhere where there is a lot less land available.