Yay!
I, of course, liked what I heard... I was there too and the upbeat appraisal of Sydney certainly was music to my ears. With $1.5M in Sydney property already that I'm converting into $3.2M via development, that's a positive outlook to have on the radar. And my holding costs will be about neutral on completion at today's rental assessment. Have those numbers creep up anywhere near where he's projecting and I'll be awash with cash!
Manage the downside and hope for the upside! If its half as good as he paints it then us Sydney-siders are all looking good.
Thanks jacque,
Michael.
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Goal: Financial independence by 2015
Plan: Focussing on Resi property development in the short term to build in equity and improve cash flow.
Status: Development site procured and DA approval achieved. Intend to commence construction mid-2009.
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