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Sorry have to disagree . That's exactly the wrong way to look at it . Holding costs will be a killer , time to get changes through council canbe a pain in upmarket areas where anyone can afford or is a lawyer . And IF , THE MARKET TURNS , you could quickly find your self sitting on a very...

With the GFC and the recession we had to have, it took less than five years for prices to be back to peak levels . In 20 years they will be dramatically above the current levels . In 88 we bought at the peak of the market in concord west for 200k . After renovations we sold for around 300 in...

In 20 years everything will look like a bargain . IMHO At some stage in the next five years some people will buy properties that will go done in the next slump to below what they paid for them. The top end of the market still probably represents good value in some places . I'm talking 2.5...

WRONG . Obviously you haven't been looking in that price bracket . My observation is that it only when you get closer to 2 mill its softer , but if it's the right property then people will fight over it . Late last year we saw a corner house in pymble which was very nice , but I thought...

We did that with our first PPOR in concord west in around 88 . :cool: Didn't go up for seven years . Paid just over 200 k for it in Myall . Wish we had it now . Leant a good lesson . Timing is important , though time helps . I like to get both on my side . Cliff