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What does everyone think of purchasing a townhouse in nelsonsbay area (north of Newcastle). Obviously it is not postively geared but i think the captial growth shouldbe good – what do you think??
I think your on the right track however, from experience I would be foucsing on a modest house on a nice piece of land then adding value to the house and letting time take care of the rest. Remeber that houses depreciate in value. It's the land the appreciates
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