Capital city arbitrage, page-62

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    Hey, I've been missing all the fun of reading here. What a hoot.......
    Yes, sell up your house in Sydney and move to Adelaide the home of the world's biggest nuclear waste dump!!!! How's that for marketing???
    I bought a front town house 4 years old, and ten years later there are real estate agents a'knocking on my door. Paid $570,000 and now valued at $1.2-$1.4.
    It is in a fantastic position, easy walk to train (in same street), thriving strip shopping (within an easy 4 minutes stroll), close to city freeway, etc.
    But I don't have the prospect of a world's biggest nuclear waste dump!!! No, I'm not moving. 7.2% compounding interest and readily rentable should I wish at $650 pw.
 
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