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Many thanks for your helpful comments. I went & checked out the complex today but currently the 2 b/room units are listed at $465T and yes they will are now open for negotiations, but with a rent return of only $360/week, we can’t see ourselves buying into Sydney market for investing. Mind you, I’ll take your advice and now that I have looked, and if the units are still for sale in a few months…. your never know! although I doubt if they would drop the price to around $400T if I don’t ask …. I’ll never know!!
Hi Jenny,
Well we celebrated our 24th anniversary in HB in August and took the opportunity and looked at quite a few properties over the 7 days we were there. Talked to a few agents also, but having the time to look around made us very aware that there is an awful lot of development going on and with 4 major releases to come on line late 2006, i.e. Peppers, Whale Cove, Allegera etc.did not make us comfortable in investing in HB. There are also a lot of smaller developments and is really seems a case of developers jumping in and unfortunately so to investors. But not us!!
PRD Nationwide were excellent out of all the RE we spoke to very keen to develop in HB, so they may also be worth checking out for PM.All the best[bonjour]
