Hi guys,
Just interested to see peoples thoughts on purchase prices (forgetting the specifics). Does anyone only buy on a general principle on what they think is price range that gets the most growth.
For example
-Only buy at or around median city price as it's the price half the population can afford and half will be aspiring too.
-Buy at the bottom end (say 50% of median price) because has the most room to growth (i.e small price movement $20K are large in percentage terms)
-Buy top end property (2 x median price) because these are desireable properties that all people would aspire to live in.
Not concerned about the specifics, i.e yields, deprectiation, location, what you can afford, etc.
Just interested to see peoples thoughts on purchase prices (forgetting the specifics). Does anyone only buy on a general principle on what they think is price range that gets the most growth.
For example
-Only buy at or around median city price as it's the price half the population can afford and half will be aspiring too.
-Buy at the bottom end (say 50% of median price) because has the most room to growth (i.e small price movement $20K are large in percentage terms)
-Buy top end property (2 x median price) because these are desireable properties that all people would aspire to live in.
Not concerned about the specifics, i.e yields, deprectiation, location, what you can afford, etc.
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