It’s in uncertain economic times like these that many investors are out hunting for bargains, seeing what’s fallen over at auction and who is desperate to sell before the bank forces them to. I’m not. I’ve done the maths and have worked out that while it’s great to bag a bargain, more often than not, the bargains are either in outer regions or at a high price point. There are bargains in the outer regions because there’s less of a shortage of land, more properties to choose from and most of the properties are similar. At the expensive end of the property market, many have lots their jobs or are trying to cut back and no one wants to take on a $2m+ mortgage. All in all, these are volatile properties that come crashing down in the tough times.

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