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Ringwood.......
Have a look at the stock levels in Werribee. 200+ for sale. Hardly a shortage. You only have to visit to understand why people are selling.....what a hole
the south east of Australia is on the precipice of recession, why would you even contemplate buying in this environment? seriously... put your money in a bankwest at call high interest account and you can send me a thank you card in 18 months time
I think its a great time to buy, so long as the numbers add up (yield) and holding costs are low.
Bankwest indeed do have good a good rate but remember half of that will be taken at tax time each year on what little you put into it without any leverage to make it worthwhile, unless youve got a couple hundred thou to pump into it. .
Plus there are no tax benefits doing this either.
Interesting,
I rarely see any houses for sale in the area and have the emailed to me as soon as they come onto the market,
Werribee isnt that bad a place to live. . also, you must look at what happens as prices rise, people on lower income levels find they have to move and the suburb becomes 'classy' over time when renovators restore and beautify older properties.
Its all about population growth.
the south east of Australia is on the precipice of recession, why would you even contemplate buying in this environment?