Gavin replied to the topic Cosmetic Renovations in the current economic environment in the forum Value Adding 4 years, 8 months ago
Thanks Corey Batt. If one was to renovate and retain to release the equity, how does this strategy translate to wealth creation? At some point, the banks will say enough is enough because I woud have reached my serviceablity and LVR limit.
Gavin started the topic Cosmetic Renovations in the current economic environment in the forum Value Adding 4 years, 9 months ago
My investment strategy is renovations with the intent of selling or flipping for a profit. Given Western Australia’s bleak economic climate and property price growth as well as the tightening of the lending rules by APRA, is this still a feasible strategy? Is there anything I could be incorporating into my renovation strategy to cater for the…[Read more]