I have units which I bought in 2000 or so in Pottsville NSW for a song - they quickly went up and during 2003 prior to a downturn in property in that area they were around $260-280k.
Its interesting that they are still below this figure and I cannot help but think that they simply wont stay there much longer than 1-2 years.
Examples:
http://www.realestate.com.au/property-unit-nsw-pottsville-107139692
http://www.realestate.com.au/property-unit-nsw-pottsville-107139692
http://www.realestate.com.au/property-unit-nsw-pottsville-113528335
http://www.realestate.com.au/property-unit-nsw-pottsville-114449371
http://www.realestate.com.au/property-unit-nsw-pottsville-113474507
http://www.realestate.com.au/property-townhouse-nsw-pottsville-110059597
http://www.realestate.com.au/property-unit-nsw-pottsville-107079634
http://www.realestate.com.au/property-apartment-nsw-pottsville-110423517
Any thoughts?
Tim
Its interesting that they are still below this figure and I cannot help but think that they simply wont stay there much longer than 1-2 years.
Examples:
http://www.realestate.com.au/property-unit-nsw-pottsville-107139692
http://www.realestate.com.au/property-unit-nsw-pottsville-107139692
http://www.realestate.com.au/property-unit-nsw-pottsville-113528335
http://www.realestate.com.au/property-unit-nsw-pottsville-114449371
http://www.realestate.com.au/property-unit-nsw-pottsville-113474507
http://www.realestate.com.au/property-townhouse-nsw-pottsville-110059597
http://www.realestate.com.au/property-unit-nsw-pottsville-107079634
http://www.realestate.com.au/property-apartment-nsw-pottsville-110423517
Any thoughts?
Tim