Well. Long story short
Over the past couple of years ive bought a fair few ips
All under sub 300k. A few in mining dependant area
Most have done quite well. A few have moved nowhere despite sydneys boom (nsw regional)
At present. Cash flow is ok. Cash is low. Serviceability is average
I feel that when sydney slows down. Mine will slow down too (thats if you can go slower then zero)
I feel that timing wise. Ita better to let go of these non performing ones before the Sydney slow down kicks in
After i sell there wont be that much cash
Im thibking of selling the non performing ones and holding on to my good ones. And not buying anything else for a few years and do shares or another business ie totally withdrawing as all bluechip areas are booming and competitjon is fierce and i feel there is risk whilst the regionals are still affordable but have not done much
What so people recommend
Over the past couple of years ive bought a fair few ips
All under sub 300k. A few in mining dependant area
Most have done quite well. A few have moved nowhere despite sydneys boom (nsw regional)
At present. Cash flow is ok. Cash is low. Serviceability is average
I feel that when sydney slows down. Mine will slow down too (thats if you can go slower then zero)
I feel that timing wise. Ita better to let go of these non performing ones before the Sydney slow down kicks in
After i sell there wont be that much cash
Im thibking of selling the non performing ones and holding on to my good ones. And not buying anything else for a few years and do shares or another business ie totally withdrawing as all bluechip areas are booming and competitjon is fierce and i feel there is risk whilst the regionals are still affordable but have not done much
What so people recommend