The concept of fragmentation, as it relates to valuing individual properties in a micro-environment, has been used for decades by professional property analysts-and I never said that I championed the concept did I?
But someone that uses such methods can still refer to broader measures in a general discussion can't they?
And because you do not like Newcastle, or any other location, does not mean that you cannot locate sound investment opportunities there.
Such a notion is nothing more than biased, subjective opinion is it not?
For example I know someone that recently bought a block of units in Newcastle returning a 10.5% gross yield.