Hi Guys,
Been a while since my last post. I am currently looking to invest in some land, and I have been looking at Port Bouvard. There are still affordable lots down near the water (eg <$350). I am after your opinions as to what you think of the area. Personally I think in the short term, I can experience 5-10% growth, given:
1. The new train.
2. Continuing high prices for our commodities.
3. It is a lovely area, that cant be built out (eg the total land area is small compared with Lakelands and the like)
Over the long term, I think it is a definite winner, it is in a brilliant location.
What are your thoughts?
Cheers
JonathonHi Jonathan
Given stamp duty and re sale charges you would need at least 10% to breakeven. As a Southwest investor for the last 20 years or so port boulvard was a great investment some 3 years ago now…????? who knows. If you want to increase your $$$$'s in a year or so then do you believe the block will be worth $xxxK +? You've also gotta make the repays on $350K until then, The choice is yours.I agree that it is a great area and should give capital growth over the long term, Short/medium term????? who knows?? My opinion only. I invest in the southwest but I am not endorsing the area in anyway.
Mikey P
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