Dear Dave,
I hope you do your research on your small town and decide for yourself about this investment.
The Baby Boomers have had a huge impact on property investment over the past 40 years and have been a key part, worldwide, in every property boom. They are about to retire and with them retires their huge influence on the property market. They will drive one more “Boom” and that is a search to downsize and cash up to fund their retirement. If you have not already bought a coastal property than you will almost have to pay city prices.
For a person about to retire with the average $90,000 super, a house valued at $350K, a mortgage at $125k., your small town housing figures may be very appealing. You are cashed-up, free of debt, living in a small country town and those retirement villages will come 20years later.Hello, This is my very first post to the forum but I feel I have to make the comment that in the country 70km really is just up the road. Having lived in small country communities as well as cities and just about everything in between I can honestly say that many people live in small rural communities by choice and because they like the friendly environment and I know from experience that it is often virtually impossible to find a decent house to rent in a small town. I know this hasn’t really help ed Dave but just wanted to add my 2cents worth.
Leanne
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