Hi All,
I’ve just finished a trip down the ‘green’ South Coast again and wondering whats people opinion on this area continued growth – particularly the coastal suburbs.
Places like Bega, Bermagui, Cobargo, Merimbula, Eden have recieved shots of growth over the previous 3 years and maybe I’m a tad concerned that I’m getting in at a time that the market has peaked or is peaking. However its still very cheap and I do agree with the media in saying that this will continue to have solid growth over a 5/10 year timeframe. I own a place s Bermagui but bought it dirt cheap in the late 90’s.
It’s definately going places but at the same time wondering what other investors felt about these areas and their potential.
Originally posted by brisbanescouting:
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However its still very cheapAre you sure, thought the Sth Coast has already dipped.
Vincentia near Batemans Bay is back down to mid 2002 prices, we had a divorce valuation (a lot different to agent valuation ) and it had come down 27% from owners valuation, back down to his 2002 purchase price.
There are differences in area to area, but ….if you wait it might just get cheaper.
We’ve been wrestling with the buy or sell question with an IP in a town between Bega and Merimbula for a few months now. We also bought it in the late 90’s. Personally, IMHO, the market is at least flat. Recently we recieved an unsolicited offer on our property and that sealed the deal. SELL!!!
Kind Regards,
SonjaPS Having said that I don’t think owning anything on the coast is a bad thing.
Hi
I live in down here and I have not brought any thing for 2 years and my gut feel is wait prices seem to be going nowhere down if anything
if rates go up or something things could change
Glenn“I should be content to look at a mountain for what it is and not as a comment on my life” D. Ignatow
I don’t think so
Some areas are going gangbusters!
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