It's the portfolio $$$ that counts not the number of properties

I think the buy hold sell at the peak makes a lot of sense. Holding through a period of sideways movement isn't a very effective use of property but obviously has it's risks and strategy. You'll need to weigh up the costs and do more thinking plus also risk losing if any "mini booms" arise but holding in a flat market may hurt serviceability. So there's a lot to think about and different fit for everyone

 

I bought 1 in outer Melb this year and 3 regionals. Just having the Melb one valued but the market has moved. Will be interested to see what the $ increase is. The 3 regionals went up 4% or more though just after I bought them. So approx $50k increase for outer Melb and $50k each for the 3 regionals. $200k increase on paper this year.

I bought in Shellharbour last year and have got about 20% increase.
I bought 5 other regionals from 2012 and each increased from $50-100k each in that time.
All good quality buildings with good tenants.

 

Lots of competition in this price range.

 

That's a city!
I might need to target the 20k to 100k population bracket. ...little competition

 

Little competition for a reason

 

I think there is more than one way to skin a cat.
If your strategy works and clearly it does then stick to what you are doing.

Beano are you interested in sourcing commercial properties, just thought I would ask

 

That's a feel good story. Was that in Orange?

 

LOL! I don't own anything in Orange. Never have! I've looked, but it's never made sense.

That was in VIC.

 

I don't have time to source (just do my own) but happy to look at anything you find
The strategy only sort of works ...the CG are on average only fair but the yields are good ...and profit is good with low interest rates