True….just put in a offer 20-25k under the market in Brisbane…and it is being considered…they sent me the contract for the place to fill and return.
I am still pinching myself….hope I get good news by Monday. :)
I would be patient. ….have a look at the growth in Realestate.com on the growth to now since 2007. The place has doubled in value since. Since it is still reasonably pricied..and close to good areas it will eventually gentrify albeit slowly.
I have one in Armstrong Creek…people told me there would be no growth…it has already moved in…[Read more]
sash replied to the topic Poll: What is your primary investing strategy for 2016? in the forum Opinionated! 4 years, 3 months ago
Agree with you mostly.
I have just put another another property in Brisbane…this takes the total I have bought in the last 2 years in Brissie to now 5. The market has been steadily moving up.
I also see selective opportunities in Adelaide. As DT posted….there are quite a few Positive Cashflow options. I am mostly focusing on the better…[Read more]
Property is cyclical…..the question is when interests rates will rise not if.
At some point….when they do go up…people need to be prepared.
Lots of people are also punch drunk from the Sydney increases….the market in Sydney overshot….at some point there will be a correction. Again a question of when not if.
Be careful of OTP…there have been many instances when on completion the valuations have not come up to par.
Do your Due Diligence well…..
My personal opinion is to buy low set small unit complexes…avoid highrise towers at all costs.
I note that this is for Canberra…the oversupply over there is still quite large.