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Hi Nigel,
We have had an IP up there for 7 years, the first five it had little capital growth, in the last 18 months it is up about $100,000. Agents, BIS, others, say there is still growth to be had.
Many in this forum bag out Darwin as it sat still for so long but you can’t judge the future on the past.! My sister had no growth on the gold coast for 6 years and now look at it !.
Have never had tennant trouble but admit people do move on alot more than down south.
Cheers, George
Hi Guys,
My wife is a Tassie girl so we travel there often. I don’t think Tassie will have long term growth as the population is not increasing.
DArwin is the way to go. Have a place up there (Nightcliff) and all of a sudden it is “hot property”. An agent up there said alot of $ is comming in from interstate investors as it is not only the railroad but gas deals that are headed for Darwin. One thing to remember is Darwin is different from other states and therfore is in a different growth cycle. About 7 to 10 years ago Darwin property surged when Sydney was stagnent.
Don’t buy in Tassie after the boom, go pre-boom to Darwin and cash in faster.
Cheers, George.
