I'm no D&Ger but I wonder if at some point we'll look back at this market and say "What where we thinking, of course those prices didn't make sense".
Yeah, the comments will be "why didnt we get in back then?"
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I'm no D&Ger but I wonder if at some point we'll look back at this market and say "What where we thinking, of course those prices didn't make sense".
Give me a sec, the spirits are ignoring my requests for an answer.
will there be a correction? and if so by how much?
What kind of answer were you actually hoping for with a question like that?
Excellent ..
Have you sat down to work out the specifics such as What size asset base & annual income you need it to be generating so you can retire in 18 years?
How do you plan to generate it?
I'm starting to be increasingly gobsmacked at prices paid in my area
$1.812m, renovators delight in Croydon NSW!!
http://www.domain.com.au/property/for-sale/house/nsw/croydon/?adid=2011695602
The prices are really starting to not make sense for me.
I was looking in this price range about 7 months ago (or a tad under), and there is no way I'd be paying $1.8 for this...
Things have moved so quickly in 7 months.
Check out the difference a mere 7 months has made!
19 Acton Street sold for $1.78m, ultra-renovated
http://www.realestate.com.au/property-house-nsw-croydon-117245091
Past returns are not an indicator of future performance.
Plenty of stuff in your neck of woods - Minto/C'town/Raby/Ambervale (<- not desirable, I know) etc. Not CF+ but far better than what other areas in Sydney.