Hello forum friends!!
I wanted to get some feedback from some of you clever folk, regarding the state of the Melbourne market.
I have 3 properties, 1 in a leafy north eastern suburb, (purchased 16yrs ago) , and 2 in another leafy eastern suburb. All a units, in nice neighbourhoods, close to all amenities and relatively low maintenance. Their capital growth in the last few years(as with most in melb) has been very very average. The last two properties were purchased 6 and 4 yrs respectively and have seen an average growth of about 5%. Very hard to get moving when the capital growth is so slow.
What do you guys reckon; anybody think that we may see great growth in the next 12 months, or shall I cut some losses and move on. Argh!!! So hard!!
Awaiting your words of wisdom and feel free to ask questions!!
Thanks,
Tgan
I wanted to get some feedback from some of you clever folk, regarding the state of the Melbourne market.
I have 3 properties, 1 in a leafy north eastern suburb, (purchased 16yrs ago) , and 2 in another leafy eastern suburb. All a units, in nice neighbourhoods, close to all amenities and relatively low maintenance. Their capital growth in the last few years(as with most in melb) has been very very average. The last two properties were purchased 6 and 4 yrs respectively and have seen an average growth of about 5%. Very hard to get moving when the capital growth is so slow.
What do you guys reckon; anybody think that we may see great growth in the next 12 months, or shall I cut some losses and move on. Argh!!! So hard!!
Awaiting your words of wisdom and feel free to ask questions!!
Thanks,
Tgan