Reply: 1.1
From: The Wife
>my notes below covered by the ****, cheers!
Pete
>Just a little word of warning.
>The Brisbane market has been
>about to take off for years!
*** Michael, do you invest in Brisbane? If not, you should be saying, stick to what you know. I invest in Brisbane ( as well as Melbourne), and the Brisbane market has ALREADY taken off, property I brought at xmas, has now doubled in price, oooaaarrr, thats cap growth!****
>You make your wealth in
>investment property through
>capital growth.
>You will do well if you chose
>and area with a long history
>of capital growth rather than
>chasing the next trend.
*** OOOPS, the area I brought into didnt have any cap growth for decades.....however, it did have some new infrastructure, which made it boom, Lesson: know your area well***
>Melbourne is a vibrant mature
>property market with the a
>strong history of capital
>growth.
*** Not to mention you live,
and you make your living in Melbourne****
It's 20 year average
>annual growth is as high as
>Sydney's and much higher than
>Brisbane's and the Gold
>Coasts'
,****I dont recommend people invest in an area they dont know, however, if they take the time to get to know an area, Brisbane is a cheaper market to get into, but the research is essential***
>There are a lot of
>opportunities in Melbourne and
>I feel you would be better off
>getting to know this market
>well so that you can recognise
>a bargain rather than look
>further afield where it will
>be hard for you to become an
>expert
>Michael Yardney
>Metropole Properties
~Life is a daring adventure, or nothing at all~