Davoren Park SA
- Thread starter Suraj
- Start date
How many sqm are the semis on? Is it a regular share, or irregular?
If they are on <1000sqm total you'll have a long while to go for prices in the market to recover, though if you have a *large* allotment the prices are creeping upwards towards 300k again.
As to whether to cut your losses or not, depends on your strategy moving forward. I'd take a guess that even at the price you paid, they would be CF neutral/positive. Taking a hit and not having an cash on exit wouldn't make it very attractive, unless there was ongoing holding costs eating away at the investment.
If they are on <1000sqm total you'll have a long while to go for prices in the market to recover, though if you have a *large* allotment the prices are creeping upwards towards 300k again.
As to whether to cut your losses or not, depends on your strategy moving forward. I'd take a guess that even at the price you paid, they would be CF neutral/positive. Taking a hit and not having an cash on exit wouldn't make it very attractive, unless there was ongoing holding costs eating away at the investment.
Given the following couple of links, you are probably going to be very lucky to get your PP back IMHO.
http://www.realestate.com.au/property-duplex+semi+detached-sa-davoren+park-116234319
http://www.realestate.com.au/property-house-sa-davoren+park-117362511
Having the larger underlying land component should assist soften the blow, but it's a simple case of supply and demand. Hopefully they are close to neutrally geared.
http://www.realestate.com.au/property-duplex+semi+detached-sa-davoren+park-116234319
http://www.realestate.com.au/property-house-sa-davoren+park-117362511
Having the larger underlying land component should assist soften the blow, but it's a simple case of supply and demand. Hopefully they are close to neutrally geared.
