All opinions on this forum are valid at lease on certain degree based on the positions who raises the opinions.
An average Syndey property will be 12 M, but in 70 years time.
Based on that, I don't think DBay will be having the same price in 70 years time, as today.
Please find some evidences to be against my argument:
Most suburbs, including DBay, in Brisbane, have the same growth rate in the last 20 years.
However, the unpopular areas are always lagging for the capital growth for up to 2 years. This theory is invalid in Sydney thought because the boom starting from the traditional unpopular areas this time.
Thus, the topic saying "The right time" might be an issue. However, if holding the property for another 10 years, I don't think it is a bad investment.
In saying that, the smart investor will buy in the popular areas first, then move into unpopular later.
For myself, I don't really care what is hot or not. I simply go into contract in Salisbury ( block can be subdivided), Cleveland (cheap price, 6% return, Wellington point (7% return on 808 square meter land), and Maroochydore (5% return, but will be retired place)within one month.
I am thinking to sell in Sydney in order to reduce the land tax.
An average Syndey property will be 12 M, but in 70 years time.
Based on that, I don't think DBay will be having the same price in 70 years time, as today.
Please find some evidences to be against my argument:
Most suburbs, including DBay, in Brisbane, have the same growth rate in the last 20 years.
However, the unpopular areas are always lagging for the capital growth for up to 2 years. This theory is invalid in Sydney thought because the boom starting from the traditional unpopular areas this time.
Thus, the topic saying "The right time" might be an issue. However, if holding the property for another 10 years, I don't think it is a bad investment.
In saying that, the smart investor will buy in the popular areas first, then move into unpopular later.
For myself, I don't really care what is hot or not. I simply go into contract in Salisbury ( block can be subdivided), Cleveland (cheap price, 6% return, Wellington point (7% return on 808 square meter land), and Maroochydore (5% return, but will be retired place)within one month.
I am thinking to sell in Sydney in order to reduce the land tax.