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  • Profile photo of SarahSarah
    Participant
    @samaya
    Join Date: 2018
    Post Count: 4

    I think I have answered my own question. I wasn’t sure which option would have more growth, however after recommendations from others on property chat, many suggested older units would have more potential to build equity through renovations plus there’s more potential the value would increase as opposed to a new unit where you’ve bought it at a high price. Do you have any recommendations with who I can talk to or articles to gain more knowledge in the area?

    Profile photo of SarahSarah
    Participant
    @samaya
    Join Date: 2018
    Post Count: 4

    Hi Jaxon,
    To be honest, I just want to get a foot into the market. I don’t want to wait too much longer. My goal is eventually to have as many properties as I can relying on growth and having them long term. Then in 20 years time to sell a couple and buy a home I can afford that I can’t afford now. Extra income would be fantastic once they’re paid off so I can retire early.

    Profile photo of SarahSarah
    Participant
    @samaya
    Join Date: 2018
    Post Count: 4

    Hi Benny,
    Thanks for your reply. Purchasing a house is out of my budget unless it’s a really run down property. It will also take longer to save for the deposit.

    Thanks
    Sarah

Viewing 3 posts - 1 through 3 (of 3 total)