Thursday, September 3, 2015

Investing in a cheapy

Now and again I do a search for the absolute rock bottom properties in Australia and see if I can see something interesting. You know what I mean; those places under $100K, wasting away in a rural area somewhere, an asbestos laden cottage that probably hasn't had anyone live in it for a while, begging for a bulldozer.

Why do these properties even exist? Should they, not unlike the Detroit-like sub-prime houses, be flattened to make way for something new, or better yet, returned to mother earth?

The underlying fact remains that these properties do change hands, and someone is doing SOMETHING with them. Have you had any experience with one of these? Please write comment about it below; I would love to hear of your experiences.


Property Investment said...

Being part of the Australian market has a wonderful feeling of satisfaction. It offers you the safety net that everyone wants to have, and that offer isn’t fading away.

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Anonymous said...

Please check out the blogs about Buying properties in Australia, and other countries in Asia