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Which property is best for you?

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Your Investment Property | 08 Oct 2013, 12:00 AM Agree 0
With so much conflicting information and advice, how do you choose the right property strategy for you?
  • Alex | 22 Oct 2013, 09:50 PM Agree 0
    I find it interesting that you rent.
  • Rob | 22 Oct 2013, 11:14 PM Agree 0
    Why is it interesting that he rents? Its a smart move. Non deductible debt isn't the best investment strategy but for many people they like to own the place they live in, that's a personal choice but not the best one from a financial point of view.

    On the subject of getting a valuation done, only really a good idea when the market is flat or moving slowly. In a hot market like Sydney right now, everything is selling above valuation, you would end up buying nothing and in 18 months you will regret the decision and then when it slows down in Sydney, valuations will start matching asking price but the market will be at the top of its cycle, worst time to buy. Be careful with valuations.
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