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  1. geoffw

    Would you buy a IP in the ACT????

    There have been periods of government cutbacks which have severely affected the local economy. However, I believe the Canberra economy has become much less dependant on the public service. The last time there were sever cutbacks, there was very little affect on housing prices- unlike some...
  2. geoffw

    Would you buy a IP in the ACT????

    I believe the original lease is 99 years. Which means that there may only be 40-50 years in some of the older areas. I'm not quite sure what is happening with renewals- I have a vague memory that they were being renewed. The main point of a lease is that they have ultimate control- not...
  3. geoffw

    Would you buy a IP in the ACT????

    There's two parts to Narrabundah, one which has a bad reputation, and one which has not. A few years ago, we had the chance to buy a place in the bad part of Narra. We turned it down, and later regretted it. But here's another question. Why live in it now, and rent it out later? If...
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