I recently visited the area of Geelong, I had never been there before, but found it to be very attractive, close to Melb, and ocean, and on train line to the city. my heart told me that this would be a great place to invest! (bad move)
Now as you all know, we shouldn't listen to our hearts with investing, so I would like to here from anyone who has invested there, and if they have had any recent capital growth/losses, I also noticed how cheap the rents were, that also made me wonder are they due for increases to catch up with other areas, have they been low for a long time? surely they can't stay that cheap for much longer?
I am really confused with this one, so any feeback would be appreciated.
thanks Jewels
Now as you all know, we shouldn't listen to our hearts with investing, so I would like to here from anyone who has invested there, and if they have had any recent capital growth/losses, I also noticed how cheap the rents were, that also made me wonder are they due for increases to catch up with other areas, have they been low for a long time? surely they can't stay that cheap for much longer?
I am really confused with this one, so any feeback would be appreciated.
thanks Jewels