rebel1 we've all got to do what we think is best and it's a punt BUT as my mates say we all thought houses topped 3 years ago , they didn't . Many on hc sold in 2000/2001 with the coming crash , houses in Melb have doubled since then .
I borrowed 79% on a house in 1993 [ I think] and then saw one of my neighbours house sell for 25% less than mine around a year later . I still made 50% ish in 3 years after a long reno .
Everyone I know and talk to has battled getting their first house . I don't know if u have ever bought or have 3 ! But lifes a punt .
I didn't know this was possible but look at what this person has done and tell me what sort of yield they have achieved over the last x years . Checkout down the bottom of the page re the forward bookings and the current rates . The house is a 1 bedroom humpy with flowers and little walk ways in a cheapish area . 24 days booked in April and already 12ish booked in May and at how much ? ummmmmm I wish I had known this years ago ; http://www.takeabreak.com.au/Rosebud/BaysandPeninsulas/Blue-Skies-Cottages-Blue-House.htm
