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From: Dan D
Hi all,
I'm looking at purchasing an IP in Mt Gravatt. The prices are still good so the place looks attractive. It is rich in post war timber houses which are in high demand. I've not yet done the low down research on past capital growth, though from anecdotal evidence it has not been good. Friends of friends have lost money last year on a property bought several years ago. ( not bought as investment, and they had to sell due to relocation interstate).
My current perception after my first ever visit today is that the market is currently strong. My concern is that it might cool off in the not too distant future and a loss could be incurred.
I'd appreciate others on this list who are familiar with this area, sharing with me their thoughts about its potential.
I'm still new to property investing ( not yet bought the first one) so am rather cautious ( short of being stricken by paralysis by analysis, or so I think!).
Thank you.
Dan.
Hi all,
I'm looking at purchasing an IP in Mt Gravatt. The prices are still good so the place looks attractive. It is rich in post war timber houses which are in high demand. I've not yet done the low down research on past capital growth, though from anecdotal evidence it has not been good. Friends of friends have lost money last year on a property bought several years ago. ( not bought as investment, and they had to sell due to relocation interstate).
My current perception after my first ever visit today is that the market is currently strong. My concern is that it might cool off in the not too distant future and a loss could be incurred.
I'd appreciate others on this list who are familiar with this area, sharing with me their thoughts about its potential.
I'm still new to property investing ( not yet bought the first one) so am rather cautious ( short of being stricken by paralysis by analysis, or so I think!).
Thank you.
Dan.
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