Recent content by edroy

hi, i've got an IP in umina, and have been watching with interest the captial gain since 2009. paid 290k for a fibro shack near the beach and got offered 620k for it this week. so bottom line prices in gosford area are going through the roof as well. i reckon it's probably way too hot already...

yep, late 2007. never really had problems getting tenants but capital gain? nada. exact location is one mile.

yes, i overpaid in hindsight. the exact location is one mile. oddly enough the house was not affected by the flooding, but council in its wisdom has decided the whole area flood prone and hence falling prices. needless to say lesson learnt.

ipswich areas hi, just saw the areas you're looking at. my experience in this has been rather mixed. bought a IP about ten years ago for the same price as you are thinking off. it has gone BACKWARD!! yes, backward. the cost was 345k including costs, rent 350 pw. with costs, agents fees...