Hi All,
Thanks for the input, thanks Femaleage20, you are right about Home North, it has infact gone up as much as you say. The new book, does it have a title????
Robert, thank you for your comment I think you are right, I was going on the dvice of others and after some research there is infact a flat spot in the market at the moment, I am lead to believe that a downturn is on the way, it appears that property in Darwin is priced rediculously high at the moment and that cant last, I guess with the Train, more Defence peronell and the Gas Pipe line it was bound to happen, we have decided to sell the Neg geared Prop to try to captilize on the high prices at preent, with this in mind it will return us approx 50K after expences which we will put into 2 Positively Geared Prop’s in due course, 12months or so.
Thanks to Simon, we will be buy and hold investors, I feel this is the right way to go for us. Selling this property is the brides idea as there is some history there for her that she would rather get rid of.
Thanks all again.
Dan and Fi