From: Bruce Graham
G'day,
Checking the local rag (Manly Daily), I
notice 10 pages of rentals advertised.
A friend who works at a real estate office in Manly claims his office has 54 lettings on the books.For every property let, another two come on the books.
When i mentioned this to another property
investor, he said the same is happening at
Liverpool (N.S.W).
The Manly estate agent also said that units
off the plan are selling like hot cakes, can't get enough of them. All to investors,
mostly from overseas.
In one large and expensive block of apartments right on Manly beach,the owners
are filling apts with backpackers. Four to a
one bedroom unit.Over a dozen units filled
this way.
Is now the time to give ip's a miss for awhile?
Shame, I'm now ready for this years ip
purchase.
What about Queensland,how are rentals going
in God's country?
Bruce G (Sydney)
G'day,
Checking the local rag (Manly Daily), I
notice 10 pages of rentals advertised.
A friend who works at a real estate office in Manly claims his office has 54 lettings on the books.For every property let, another two come on the books.
When i mentioned this to another property
investor, he said the same is happening at
Liverpool (N.S.W).
The Manly estate agent also said that units
off the plan are selling like hot cakes, can't get enough of them. All to investors,
mostly from overseas.
In one large and expensive block of apartments right on Manly beach,the owners
are filling apts with backpackers. Four to a
one bedroom unit.Over a dozen units filled
this way.
Is now the time to give ip's a miss for awhile?
Shame, I'm now ready for this years ip
purchase.
What about Queensland,how are rentals going
in God's country?
Bruce G (Sydney)
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