All Topics / General Property / IP location…comments please

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  • Profile photo of picklesampicklesam
    Participant
    @picklesam
    Join Date: 2004
    Post Count: 55

    hi all i bought this one 2 years ago at lake mac.NSW but i don’t think the value’s gone up at all, any comments about the location will be appreciated…i don’t know whether to hold it or sell it and buy a unit in Brisbane…the white cross is where the IP is….

    http://wikimapia.org/#y=-33048512&x=151595063&z=16&l=0&m=a&v=2

    Profile photo of L.A AussieL.A Aussie
    Member
    @l.a-aussie
    Join Date: 2006
    Post Count: 1,488

    Values in many parts of Aus haven’t gone up much in the last 2 years.
    I wouldn’t sell yet – you bought at near the end of the recent boom.
    L.M is a fantastic location and you are right near the water etc.
    If you can hold it it may be worth while.

    Cheers,
    Marc.
    [email protected]

    “we get sent lemons; it’s up to us to make lemonade”

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi

    I agree, i.e. I would hold onto it.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
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    An alternative way to finance your home.

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