investors set to dump properties, page-30

2 decades to examples -

1997 - 2 bedroom house in melbourne bayside (not beachside)

purchase price inc costs $118,000.00
sale price in 2010 $450,000.00

cant see the loss in a pre-tax gain of 332,000.00k

The house paid for itself from the second year.

2010 - 1 bedroom unit in Ballarat

purchase price inc costs $116,000

current rent 140 per/week, this will also be paying for itself soon

sale price in 2023??

I'm sure it will be more than 116k

Point is, NOT ALL investors own 600k homes getting 350 p/week rent....

if holding costs are virtually zero, then property is a no-brainer, best and safest way to make your money!