Quote:
Originally Posted by Polyal
While I disagree with everything Stevz says in general and dont go along with his bantering Im actually sheepish about entering the market even though I am over paying rent.
I know I could wait and wait but things are in an odd state at the moment, im keen to wait until late 2015/2016. Even then we wont see the impact of the auto industry loss until '17/18 I guess. Thats alot of years in rent where for the same cash I could be paying something off in the 'burbs. :(
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Mate, if everyone believed in what Stevz was on about, we all may as well go out the back shed and top ourselves. I bought one of our houses in an up and coming area called Mackay 8 years ago. Paid $180,000 for a nice 4 bedroom brick veneer 1.5ks from the beach. Paid the house off in 3 years, had and are still having great rental returns. Have other houses doing very good as well....... It was drummed into me in the early days that rent was dead money................