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That is true - and in some parts of the cycle you see people at auctions with puzzled looks on their faces making statements like "but this unrenovated one sold for more than the renovated one last week ????" I think in these cases people want to put their own "stamp" on a property and are...

rafters, this is really about long term CG, low vacancy and risk management. Older in more established suburb: PROS: 1. Known CG - it has a 'history' 2. Infrastructure already in place 3. In demand from tenants - rental demand / low vacancy 4. Quality of tenant CONS: 1. Maintenance New in more...