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07/07/17
12:36
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Originally posted by danginvestor
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There are people with 20 properties? dam!
My brother bought a property some 10 years ago from a Doctor/GP who was forced to sell it at a loss.
The doc had 3 other properties so found it a bit tough to hang on to all of them. If he had managed to, he could have doubled or even triple said property given the current market love affair and council's proposed rezoning of the area to high density.
There are rich and well to do people out there, but I honestly don't know how people could managed to afford 5 or 6 properties. I mean, most family could barely afford 1 if they're sensible about it.
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Well it depends on where those properties are. Yep you could drop say $1.5mil on a property in some areas of Sydney or you could buy 10 properties at $150k and get a better rental return but less potential capital appreciation