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clock Created with Sketch. 10/07/14
10:21
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Originally posted by Scotty B
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I had very simple rules, always buy below median price but aim to rent above the median for that style of house, always buy run down properties that need cosmetic but not structural renovation, always buy on land valuation but well below replacement cost for the structure, always in areas where employment prospects are strengthening particularly regional areas developing new industries or expanding current industry. I have never bought in a capital city, but always outperformed capital city growth rates by using those simple rules.
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Whaaaat?? O.K we now have it on record-Scotty doesnt believe there is a property bubble!! So whats the problem, or do you believe its heading towards a bubble-which means you must think prices are still goiggn to increase in the near future.
