Just thought i would pick the brains of the other investors on the forum to see what you thought of places like toowoomba / warwick etc. For a long term foundation property.
Compared to Metro bris / melbourne?
What are the reasons you steer clear, or load up.
Personally for me, i like regional because its significantly less risky in my opinion, but the upside for capital growth isnt always there which isnt the main reason for me purchasing an IP.
What are you thoughts, if you are to invest in regional areas, what is your criteria for doing so?
It's all supply and demand, high speed internet is changing the way can people work. I invest in the country and the city, but you MUST find out what country areas are growing. Remember it's all supply and demand. Good luck, Peter
It's all supply and demand, high speed internet is changing the way can people work. I invest in the country and the city, but you MUST find out what country areas are growing. Remember it's all supply and demand. Good luck, Peter
Other things to consider when investing rural is does the property have some unique qualities.
Seachager haven: Proximity to national icons, contained in its own valley, no adjoining neighbours, contains unique fauna flora, unusual views, Proximity to major centres (say no more than 1 hour away to regional centre 3hr to state capital) and aiability to protect against fires, water rights etc is one collection of considerations.
Another is regarding its productivity:
Can you regularly crop without irrigation. Good level of paddock trees or protective landforms for animal health., good fences, history of pasture improvement. Proximity to sales yards, abattoirs, capital city or large regional centres.water rights etc.
If you can get some good flats with relatively high water table (say 12-15ft) you are hitting it!
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