I am seperating from my wife and will have to sell the family home. I was concidering buying an appartment in the CBD. Do people think its a reasonable time to buy. The other option would be a warehouse or unit in Richmond. Any apinions would be apprreciated. I want to spend about $350 k only. Thanks John
John Groeneveld
Plenty of people are suggesting it is now a buyers market.
If you intend holding property for the long term then I suggest that there is no wrong time to buy.
All the best
Simon Macks
Residential and Commercial Finance Broker
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Depends how you want to live and goals. Do you want to turn it over & make money or just buy some security you can afford. I would buy the apart in Richmond rather than the CBD if you are requiring a more guaranteed investment, I think the CBD will go up over time but its still iffy as there are so many, but maybe the CBD has less maintenance, newer facilities, less travel to your job. Maybe Richmond has more ambience, neighbours to talk to, closer to your kids for visits (if you have any) . Sort out your requirements
Fern
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