OTP - letting go or not

Discussion in 'Where to Buy' started by ATANG, 6th May, 2020.

Join Australia's most dynamic and respected property investment community
Tags:
  1. ATANG

    ATANG Well-Known Member

    Joined:
    5th Jul, 2015
    Posts:
    615
    Location:
    SA
    Got an OTP in Melb which is due in a half a year time. Previously planned to just buy it off cash for own stay but now with the likely retreat of house prices, been thinking whether to let it go (by looking nominee) and spend it on resi house, thinking there might be a bargain.

    At lease that was the thought, but then when looking at the current market, really can't get anything worthy or attractive or match my expectation with 1.5 - 2m range. The ones that interest me still stay in the high 2 or over 3m mark. This is in inner east melb market.