I'm trying to get a loan in place at the moment to get another IP before things get too silly...
Come to think of it, if everyone starts thinking like this then we'll be surely headed for a boom!
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I'm trying to get a loan in place at the moment to get another IP before things get too silly...
Come to think of it, if everyone starts thinking like this then we'll be surely headed for a boom!
I'm looking at Melb for an IP but it looks like yeild is pretty low compared to other areas, eg Bris. Apartment close in SE suburbs or development opportunity a little further out are my preferred options for Melb. Any thoughts on these as far as yeild and CG goes.
close to beach which could amplify the decline...)
because prices are now well and truly on the move!!!
yep.. increased NSW cyclone activity, erosion, and a local council policy of "erosion retreat". plus rising sea levels, or even the future threat becoming more accepted, is enough to reduce values quickly.Yep, close to the beach isn't doing you any favours at all ...
Is it global warming you're worried about here?
Look forward to hearing all from all those who are 'pounding the pavement'!
Cheers,
Jen
Hi Jason
interesting times indeed. What's your feeling about this current boom, do you think it is sustainable?
Cheers, MTR
I'm hearing of a few ''sold before auctions'' atm...