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Hi,
Any recommendations on good buyers agents in regional NSW. Looking at areas like Tamworth or Dubbo for a flip
Thanks
Techie
Hiya
Matt Knight on this forum does south coast NSW but I think he might also do some in-land regional stuff too. You could always ask - 0410 720 989
Cheers
Jamie
Hi techie,
I travel inland from time to time. There are some markets I would consider flipping in and others it would be suicide. (not my current strategy either but horses for courses) You need to be VERY careful that the market you choose has high demand or you will get stuck struggling to sell end product and the strategy falls over. PM me if you want to talk more.
Flipping in a regional area....8/10 it flops and dones't go to plan
- Low demand
- Lack of competition
- Low liquidity
- Lower demographic of people, ie lower wages etc compared to city metro and suburb.
- Lower population
- Low land value
Works in some area, but most of regional very hard to "flip" to make an decent profit, unless you buy a wreck for land value than maybe....
I live in Tamworth and I wouldn't think there is much money in flipping around here. Cash positive places yes for renting longer term, capital growth fairly slow but depending on the area not totally awful. But wouldn't try flipping.
Thanks for all the replies and wishes.
Ok I guess flipping regionally would be difficult. Happy to reval and draw equity.
Am strongly looking towards subdividing and plopping a modular built house on the new block of land in a regional town where house prices are not low. Since selling might be a pain, would it be better to get a duplex built and enjoy the returns?
The ability to get a good valuation and draw is what I'd need to do a few times to build up my equity. Not sure how well Duplexes value compares to stand alone houses?