My cousin recently moved to Melbourne, he and family are renting a 4x2 house (I'm not sure where) for $600 a week.
It's nothing fancy he says but it was bought by an investor in the last year or so for $1.6 million.
Now that's insane from my point of view.
He and his wife aren't shy of a dollar or three and they are just going to relax, kick back and wait for the bubble to burst.
WA has already been through that cycle and while we may get another drop if/when Syd/Mel's bubble bursts I couldn't see it being catastrophic.
Jack, I'm sure you're keeping your finger on the pulse of the market and if I was going to offer any advice it would be this, if you see a 2x2 that fits your criteria put a very cheeky offer in.
You just never know how desperate the seller may be.
No skin off your nose as you are happy to wait and if you get lucky you can cheer us all up with your story of a good win.
it would be this, if you see a 2x2 that fits your criteria put a very cheeky offer in.
