Hello everyone,
I have a 3 bdr, double garage and 2 bathroom house in Muzzlewood Way, Wollert, Melbourne. I bought the land in 2011 and built the house in 2012. It cost me $380K all up. Till now the property price haven't increased and my wife want to sell the property and invest in Sydney. I just bought a townhouse in Ingleburn, Sydney. I am afraid after paying agent's commission and tax I won't even get my money back let alone the profit. I read all the potential growth and development happening in Epping Area and want to hold the property for few more years.
I live in sydney so I don't always see how things are moving in Wollert? I know lots of new estate and development is going on. Does that mean people are more inclined to built new house then buy standing house unless they get it for bargain?
Any Suggestions, What would you do?
I have a 3 bdr, double garage and 2 bathroom house in Muzzlewood Way, Wollert, Melbourne. I bought the land in 2011 and built the house in 2012. It cost me $380K all up. Till now the property price haven't increased and my wife want to sell the property and invest in Sydney. I just bought a townhouse in Ingleburn, Sydney. I am afraid after paying agent's commission and tax I won't even get my money back let alone the profit. I read all the potential growth and development happening in Epping Area and want to hold the property for few more years.
I live in sydney so I don't always see how things are moving in Wollert? I know lots of new estate and development is going on. Does that mean people are more inclined to built new house then buy standing house unless they get it for bargain?
Any Suggestions, What would you do?
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