From: Simon and Julie M
Hi all
You know that old saying "when you read it in the papers it's often too late to take advantage of the opportunity"
Page 49 Aust Financial Review (Fri 11)
"Canberra's cheap in comparison"
Just over 12 months ago our friends thought we were mad buying property in Weston Creek in a depressed market.
If you were to buy in Canberra now you might find yourself following in the herd unless
1 you plan to hold it for some time.
2 you purchase a property with high land value.+40%
3 cashflow is enough to sustain the investment over the longer term.
I believe having said this that there is a bargain born every minute. The real buzz comes when we find them.
This is only opinion not advice.
What do you real Gurus think?
Simon(apprentice Guru)
Hi all
You know that old saying "when you read it in the papers it's often too late to take advantage of the opportunity"
Page 49 Aust Financial Review (Fri 11)
"Canberra's cheap in comparison"
Just over 12 months ago our friends thought we were mad buying property in Weston Creek in a depressed market.
If you were to buy in Canberra now you might find yourself following in the herd unless
1 you plan to hold it for some time.
2 you purchase a property with high land value.+40%
3 cashflow is enough to sustain the investment over the longer term.
I believe having said this that there is a bargain born every minute. The real buzz comes when we find them.
This is only opinion not advice.
What do you real Gurus think?
Simon(apprentice Guru)
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