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Threads on regional investment

Discussion in 'Where to Buy' started by luce.rocks, 3rd Nov, 2015.

  1. luce.rocks

    luce.rocks Member

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    Just popped in to see what's new and I'm heartened to see lots of threads on regional investment in the 'Where to Buy' section. Finally. Please, ripple, keep going and get stronger. Feels like this cycle has taken f.o.r.e.v.e.r.
     
  2. larrylarry

    larrylarry Well-Known Member

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    What regional areas are you looking at the moment?
     
    legallyblonde likes this.
  3. mja

    mja Well-Known Member

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    As it's Luce, I'd put money on Orange. :)

    It's no secret I'm focusing on Wellington, but I'm keeping an eye on Dubbo and Albury.
     
  4. larrylarry

    larrylarry Well-Known Member

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    Wellington is like 8% in yield. Are you also looking to buy house with big land component for development later?
     
  5. luce.rocks

    luce.rocks Member

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    Not looking to buy, just hoping to see some CG in a place I have in Orange.
     
  6. Ryno

    Ryno Active Member

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    I had my eyes on Dubbo and Orange and nearly bought in Orange but found my IP in Qld.
    Just curious on people's opinion on Cowra??
     
  7. TMNT

    TMNT Well-Known Member

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    Id ne very careful of wellington

    Good yields but crappy tenant likelihood plus volatile market
     
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  8. mja

    mja Well-Known Member

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    You have to be super picky about a tenant, absolutely, and it helps not buying in the two major slummy parts of town.

    What do you mean 'volatlie market'?
     
  9. mja

    mja Well-Known Member

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    Easily, I'm picking up a couple that are 10%+.

    Personally, no, not at this point, but I won't rule it out in future. :D

    There was an interesting block on Warne St which I missed out on that was ~ 1300sqm, long skinny block, house at one end, probably only 12m wide, with rear lane access to Nancarrow Lane. Possibility of putting a 2 bedroom granny flat on the back of it with shared driveway for a second income.
     
  10. larrylarry

    larrylarry Well-Known Member

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    Nice. It would help the cash flow. Do you have a great PM protecting your interests? Bought them site unseen? Is your portfolio mainly regionals?
     
  11. mja

    mja Well-Known Member

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    I have an awesome PM team, who is really picky on which tenants are accepted. PM me for details. I've only bought one sight unseen, but did have my PM check it out and send lots of photos. Portfolio is slowly becoming predominantly regionals. :)
     
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  12. KaizenInvestor

    KaizenInvestor New Member

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    NSW
    Hi Everyone I'm a newby and looking to purchase my first investment property, at the moment I'm interested with Orange in particular on Cecil Road because I can get a house near the reserve park, schools and relative close distance to amenities. 30% of the population also renter it's a drawcard too. would you mind to share your inputs or maybe experience with Orange/Regional market...Thanks Heaps :)
     
  13. See Change

    See Change Timing Lord Premium Member

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    What sort of yields do you get in orange ?

    I've never been there , but I'm not sure I've heard a bad word about the place from anyone who has .

    Cliff
     
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  14. larrylarry

    larrylarry Well-Known Member

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    Isn't Orange reliant on few industries, agriculture and mining? It's not that diverse is it? I've never been to Orange but would like do that one day.
     
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  15. larrylarry

    larrylarry Well-Known Member

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    KaizenInvestor likes this.
  16. Ardi

    Ardi Well-Known Member

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    beachgurl and KaizenInvestor like this.
  17. HUGH72

    HUGH72 Well-Known Member

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    I own a brick place nearby, that street is ex HC which have been sold off, mostly about 4-5 years ago. I get $230 pw which is market rent with a 8%+ yield. Vacancy rate is a little high in Orange presently for my liking to buy again there to be honest.
     
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  18. KaizenInvestor

    KaizenInvestor New Member

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  19. euro73

    euro73 Well-Known Member Business Member

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    I sold a number of new 3 bed townhouses and houses in Orange. All sub 400K. All NRAS approved. They generate @ 8-10K CF+ to the owners per annum.
     
  20. See Change

    See Change Timing Lord Premium Member

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    Euro

    Any links ?

    Cliff