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Property Value

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Nicola Jay | 22 Oct 2012, 03:40 PM Agree 0
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 | 23 Oct 2012, 04:23 PM Agree 0
    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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