Helensvale? worth buying?
- Thread starter silverx
- Start date
The market has been soft there for a while. It is also a strong mortgage belt area. There will be pain felt there with the ensuing rate rises yet to come.
Happened last time rates rose. Will it get cheaper? Who knows.....
If the yield stacks up on that purchase price, then it's a long term proposition.
I wouldn't use one cheap-ish Helensvale property to extrapolate to the entire region's market and consider the entire GC will plummet. As mentioned earlier, it's already soft there and hasn't had a run anything like Melbourne or Sydney to date.
did a drive by today
~ 500 m from the M1
backs onto 4 lane main road
But is in a sorta cul de sac
built in 2000, the currrent place would cost around 250 to replace
not much chance of a block of dirt in the coast for leass than 210
So on the surface would be okish
Several others for sale in the same street and on a thouse complex next door
ta
rolf
~ 500 m from the M1
backs onto 4 lane main road
But is in a sorta cul de sac
built in 2000, the currrent place would cost around 250 to replace
not much chance of a block of dirt in the coast for leass than 210
So on the surface would be okish
Several others for sale in the same street and on a thouse complex next door
ta
rolf
Next....................
No matter. Next................there will be others and another couple of rate rises will bring a flood to that "family home owner" market.
Be poised to strike and buy houses that are not only for sale, but that their owners no longer want.
I don't see that part of the GC market firing any time soon.
Be patient Silver
the place has gone under contract
No matter. Next................there will be others and another couple of rate rises will bring a flood to that "family home owner" market.
Be poised to strike and buy houses that are not only for sale, but that their owners no longer want.
I don't see that part of the GC market firing any time soon.
Be patient Silver
