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Hi Tracey,
Sounds interesting. What is the topic?
How many members do you roughly have? Is this a regular thing?
Just got a bank valuation on the fremantle property. They came in at 255k
I’ve bought three properties in the Perth metro in the past eight months and have been pleased with the results.
1 – 2 bed apartment purchased Sep, 2005 in Vic Park, purchased for 184k valued last week at 240k
2 – 2 bed apartment purchased Dec, 2005 in East Fremantle for 220k, unsure of the value but an apartment in the same complex went for 265 just two months ago!
3 – purchased two weeks ago for 350k and looks to be possibly worth 380k.
I think that the market is overpriced but the trend is clearly up in the short term. When will it end???? I don’t know, I purchased these properties more as an insurance policy IN CASE the market moved not because I was convinced it would. And move they have.
Interestingly, my initial strategy was to create/purchase only CF+ deals but decided to switch to a negative gearing strategy instead. If I were to rent out the first property which is where I currently reside it would be CF+
I’ve thought about this quite a bit.
I see the government increasing immigration quotas in order to maintain/increase the labour force and help prop up an ailing and overloaded health care and social security system.
I imagine that this will either stabilise or boost property prices.
Also, as baby boomers retire and leave the workforce we tend to forget that they are replaced by more efficient, tech savvy workers. The economy may need less workers to replace the baby boomers due to their improved efficiency.
This is all pure speculation and hasn’t been based on any thorough statistical research whatsoever but could be a possible outcome.
forwards ever
backwards never!!Thanks Melbear.
How do I go about setting up a Unit Trust?
