I think the price in those suburb has already gone up by at least 50-60K in 2 bdr units. So buying now u pay more money and have to wait a long for capital growth. I am also thinking to buy one investment, I live in HUrstville, NSW as I saw the recent price rise I am also confused where to buy as price already gone up. Do you think price keep moving up, in those area if not no good to buy here. The best time to buy here was last year when price was low.
Suraj
Spot on in my opinion. Not much value left in the lower side 2 bedder market in that area, there was tones under $300k available 18 months ago.
For now, id start looking in other areas that are now at that sub 300k mark. Do your research well and buy in a stable proven market, one were prices haven't dropped past an alarming rate, just in case things go belly up.
Whats everyone thoughts on this strategy?