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I think most of us here have experienced that surge in boom (with inner and mid ring east), but if you remember correctly, quite a few of us would have also gone through last year's depressing period where there is excess stock on the market with more expensive areas, and that's the period when...

I thought it would be a good link to post here: http://www.somersoft.com/forums/showthread.php?t=54291

Your very calculation showed exactly why I personally like to target cheaper properties. % CG wise it's bigger, and also because of the lower holding cost, I can buy more cheaper properties faster, and build my asset base faster. e.g., I could buy 3-4 Hoppers Crossing IPs with 500-600sqm land...

I love 30+ yr old houses, don't get me wrong. In fact, I have never looked at buying brand new houses for either investment or to live in. 300-360K sounds pretty cheap for Bayswater.. I am mainly looking at properties with land that are within walking distance to train station and the new...

Well, to give you an example, I don't think 380-400k+ for an existing 30yr+ old house with land in bayswater/boronia is exactly cheap.. Demographics in bayswater/boronia is pretty dominated by blue collars as well.

There's indeed a massive dislocation in pricing between Outer West/North and Outer East/SE. The way the price jumped in inner north and west suggests that there's a very high probability that outer north/west will have to play catch up pretty hard, especially if the yield's attractive and still...