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Property direction
I'm looking to buy a property (small flat/unit around $200k) with the intention to spruce the place up and possibly turn it into a rental depending on circumstances in the next 6-9 months.
At the moment I need to save another $20k or so on a $200k-$220k property, but could take the plunge in the next 3 months if the market was looking to make a sharp turn around. Conversely, if there was an extended slide in prices, I'm happy to wait that little bit to get the better deal.
What's likely to happen to the prices and rental returns of flats/apartments in the inner northern suburbs over the shorter (and longer) term?
Just sounding out opinions, not professional advice at this stage.
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