NSW Where to buy 250K - NSW

Cooma if you feel like a punt on Hydro 2.0. Possible to do mid $200s to $300k on gross yields in the low 6%'s (without even adding the GF yet). Small town but good timing with rising rents and 1 hr from Canberra. Otherwise can still do it in far south coast or as stated above many of the major regionals.

 

From what i have read about these places so far except orange most of these towns are not doing to well in recent times - could be wrong. While cashflow could be positive while rented i dont really want to go to towns where vacancy is too high

I do understand this is the norm with regionals hence the higher returns

 

Not too sure about Cooma but what towns do you recommend on the south coast

even 5% yield isnt a major issue

 

I wouldn't say it's the norm, you just have to do your due diligence.
And size is not a good indicator of growth or vacancy rate. There are larger regional centres with 4% vacancy rates and smaller towns which are under 2%. Some smaller towns of 10k people have more industry than towns twice their size.

Willy

 

Prices are a little higher but Nowra has proximity to Sydney, new highway improvements and new hospital coming in.

Further south and approaching your price bracket Batemans Bay, Moruya, Narooma and Bega. Getting to 5% is doable in any of these towns with the right deal plus some renovations.