Lucinda

your post illustrates what I was saying earlier – if the property fitted your investment criteria at $205k how could it possibly have fitted at an additional premium of almost 15% ($240k) unless of course you had a buyer all lined up at a significantly higher price. I’m glad you didn’t let the agent suck you into going through with the…[Read more]

Just a thought… when you made your offer what did you base your calculation on? If you are purchasing a house for youself to live in 5k is probably neither here nor there. However if it is purely an investment then you will have done your calculation of what you can expect to receive as a return on your investment. The difficult thing to guage…[Read more]

Thanks for that – I’ll do some searching around []

Whitfield has just made the Cairns newspaper for having a large percentage rise in the median house price. Personally I take such stories with a pinch of salt.

What is it about Whitfield that attracts you? I see you are in NSW so I’m wondering why you are being so specific – Cairns is a small town there are several ‘good’ suburbs and some very…[Read more]