a taste of things to come?, page-29

Hi Barry2007 ,

Good post , and the kind of story we see everyday .

Ive worked in New homes and land , plus established in Melbourne for over 15 years , the market will do what the market will do . The couple in Yarraville are a good example , never too many listings and a great location .

I ask what would be the alternative for this couple ? continuing to rent a " hole " at $280 pw , I know the house/unit they were renting could not have been too flash for the last rental for my new property in Cranbourne ( 40 k to CBD ) was $310 pw .

The important thing is to stop thinking a purchase will be timed exactly , this never happens . Get into the market and build your position , gain the equity . Once again , this is NOT some spec mining equity ..Its a long term proposition , and should always be seen as such .