Property Value

Nicola Jay#1 Posted : Monday, 22 October 2012 3:40:27 PM
I have had a 2-bed unit in a nice north-west Sydney Suburb for 10 years now and it hasn't 'doubled' in value as the 7-10 real estate cycle trends lead me to believe it would have. I realise I bought when prices were high and I have ridden through the dip. Similar units are selling now for about $40-$50 k more than what I paid. Rough maths it's value is about 18% more in value. I still feel like I bought a lemon. Was it just bad timing or I am hoping for to much?

  • Madeline Lu#2 Posted : Tuesday, 23 October 2012 4:23:20 PM

    IMHO unless you buy before an area booms, the days of doubling the value of a house/unit in 7 years just by capital growth are long gone. I think you will start to see modest growth from now on, you went through a dip and now you should be on the rise.

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