Outer V's Inner

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From: Anonymous


Hi all,

When it comes to a medium to long term strategy...is it better to gravitate to an area well established and proven in terms of growth or better to find and outer area yet to experience the wave?

Cheers
 
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Reply: 1
From: Henry Keys


If you are going for capital growth, my personal opinion is to go for areas close to the CBD in the major capital cities since they will always be in demand and are less risky than unproven areas.

Regards

Henry
 
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Reply: 1.1
From: See Change


So Henry, what makes an area unproven.

If an area has doubled with each property cycle, but has only just started moving with the current cycle , and is returning 10 % . does that make it unproven, or just an opportunity that people are to blind or don't want to see ?

Or would you prefer to buy somewhere that has already doubled in the current cycle , but is in a "proven" area??

see change


BTW , I buy in different areas, but I try not to have blinkers on.

it's better to be guided by your dreams than your fears
 
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Reply: 1.2
From: Anonymous


Henry,
weren't areas in major capital cities, close to CBD once upon a time also unproven? Just a question.

"Do more, Be more, Have more, Give more !
 
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Reply: 1.2.1
From: See Change


Anon raises a good point

Paddington 35 years ago was not considered a nice place, and Redfern and Newtown have only reached favourable status more recently (in property terms).

see change

it's better to be guided by your dreams than your fears
 
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