Sydney investor snaps up three houses for $340k

Key points

• Sydney investor Kaisser Khater, 38, has bought three houses in regional New South Wales for $340,000 over the past six months. He paid cash for homes in Moree, Cobar and Bourke, which were found off-market through buyers agency Charlies Properties.
• Local tradespeople are renovating the properties before they are rented out long term. Khater said Sydney no longer made sense for investors because of high interest rates, negative gearing and changes to capital gains tax.
• He also raised concerns that recent tax changes could make it harder for ordinary Australians to build retirement investment portfolios.