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NSW Apprentice no more ...

Discussion in 'Where to Buy' started by See Change, 1st Nov, 2015.

  1. See Change

    See Change Timing Lord Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    2,145
    Location:
    Sydney
    After buying at the trough of the market in Sydney and selling at good prices at the top ( well , it might have a bit more to go ..) I'm upgrading my status from an apprentice to a standard run of the mill timing lord .

    According to the median prices , Mosman units have gone up around 55% while we had a gain of 90 % due to getting one of the proverbial deals of the decade .

    Tempted to hold , but the reality is that despite getting a really good deal and with rent increases they're still negatively geared . We can pay off debt and we're also considering keeping the loans , and using them to buy other properties by switching security to new properties .

    Might have to change my avatar to a picture of the Doctor , a tardis or maybe K-9

    Cliff
     
    Vultures, bernardblack, York and 8 others like this.
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    18th Jun, 2015
    Posts:
    5,575
    Location:
    Sydney or NSW or Australia
    In the words of Kenny Rogers "You gotta know when to hold them, know when to walk away, know when to run."
     
    Greyghost likes this.
  3. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    Posts:
    4,934
    Location:
    Sydney
    Good Avatar. Anyway, excellent job on that property. :)

    I wish you continued success as a timing lord... if you will drag us along for the ride! :)
     
  4. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,595
    Location:
    Adelaide, SA
    That's great Cliff, well done.

    It's great that multiple strategies can all work, lucky country indeed :)