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From: Rod Myers
I am interested in investing in a townhouse (s) in Maribynong. BUT have some reservations, one they are building them in large numbers at a fast rate, at high prices like $400,000 plus. could you get good rental returns, get good capital growth, is the price realistic in terms of the market? Or is it the price that the developers have manufactured?
Relialble reports suggest that a population explosion will occur in the area.
I am hesitating in buying because I fear that there maybe an oversupply of overpriced properties. What does this forum think? any feed back would be appreciated.
I am interested in investing in a townhouse (s) in Maribynong. BUT have some reservations, one they are building them in large numbers at a fast rate, at high prices like $400,000 plus. could you get good rental returns, get good capital growth, is the price realistic in terms of the market? Or is it the price that the developers have manufactured?
Relialble reports suggest that a population explosion will occur in the area.
I am hesitating in buying because I fear that there maybe an oversupply of overpriced properties. What does this forum think? any feed back would be appreciated.
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