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Nikoletta Pal done this recently for one of my IPs. We were self managing and it sat vacant for a while. She took over - jacked the rent up and landed a tenant within a week. I still don't know how she done it but I'm not complaining. http://www.palproperty.com.au/ Cheers Jamie

haha - those ads are annoying! Cheers Jamie

I would think the value of those properties would go up. Some of them are sitting on massive old school blocks that would cost big bucks in those new development areas. Cheers Jamie

Same. There's going to be an oversupply in that area too with Googong coming online. Cheers Jamie

Seem to be a few coming close to completion. I'm working on a few FHB apps now for Wright purchases. All are OTP apartments - all applicants are single, young professionals (if that means anything - it's only a small sample size). I think the location is pretty good - but it seems to have a...

We still have to pay the dreaded duty unfortunately. For IPs we're able to claim it as a deduction though. Cheers Jamie

I'd hate to think of how much those inner south IPs are costing in land tax PG :eek: Still great investments though. Cheers Jamie

No - I agree. I don't have any stats but it feels like (from my perspective anyway) that investor buying has dropped off a bit. Most of my local clients are a combination of first home buyers (lots who are settling on OTP purchases) and those upgrading. Cheers Jamie

Yep - my dad has an old ex-govy place out there on a massive block....the house isn't worth a lot but the land content alone would be worth heaps. It is a lovely area though - I can see why it's a desirable place to live. Cheers Jamie

Well done PG. The inner south is a great area - I've only ever known the Griffith market for having $1m homes :-) I agree - I don't have any fancy graphs or insightful facts but this is part of a cycle. We had exponential growth post GFC that couldn't be sustained forever (20% in one year) and...

Exactly my thoughts. Canberra goes through cycles - it's been flat for a while due to an abundance of new stock and uncertainty with the Govt. It will pick up again - and when it does, buyers will be flooding open homes, throwing offer sheets around and driving up prices. I'd rather buy...