Attractive; buy for $400k, rent for $330p/w.
They are kidding, right?
Yes not the best yield
The one below sells for $429K and will rent for $440/w
http://www.realestate.com.au/property-house-nsw-quakers+hill-107250317
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Attractive; buy for $400k, rent for $330p/w.
They are kidding, right?
can't agree with you there evand.
my personal experience certainly validates the markets within markets theory. I have had properties in a 5 year period basically show no growth at all and during the same 5 year period had other properties more than triple.
I am a big believer in timing the market and diversifying for these reasons.
The market i am watching closely at the moment is bayside melb as i am trying to upgrade PPOR. This market is very inconsistent and probably down slightly on last year. many properties are passing in without a bid and then others are going way over reserve. I bid for one last week and it went $225K over reserve, i went $25k over what i thought is was worth because it was for PPOR and i really liked it but the guy who bought it was bloody determined to win it!!
Can you point out any 'real life experience' posts in the thread?
Thanks
Great thread and can't wait to see the facts coming from real life experiences, not just what people get emailed to them by REA's..
Attractive; buy for $400k, rent for $330p/w.
Now that's what I call a really bad return.
They are kidding, right?
Beware the renovated apartment!
I bought a piece of land for $4.3m when it was advertised at $5m+
◦Boroondara has a lot of stock on the market and waves are continuing to arrive each week – the indicators do clearly show a dampening of market demand under weight of numbers, almost identical to May of last year. However these results do not show the market is significantly dropping or without some strong results.
◦28 Barrington Kew – Glen Coutinho was huge (in our mind) drawing out $300,000 more than our best guess with 7 bidders – so what do we know. Wow.