My daughter's partner is keen on buying something in the general area of Queenstown where they are settling.
Obviously Queenstown is way out of there league but he has noticed the Kingston area and was considering it as a way to get something in the general area for future growth.
Ive never been there but am concerned it may be a back water area with prices on the downtrend.
Id be interested in any ones opinion who is familiar with the area.
Would anyone consider commuting to Qtown or the slopes from there?
Is there a chance of capital gain rubbing off from Qtown or is it just money for something that will stagnate?
Would it be an area that would be rentable?
I have seen on the stats that only 1 place sold recently for 17%below GV.
The other issue is that he can only afford a tiny place that would need work
Opinions would be well appreciated Cheers
Obviously Queenstown is way out of there league but he has noticed the Kingston area and was considering it as a way to get something in the general area for future growth.
Ive never been there but am concerned it may be a back water area with prices on the downtrend.
Id be interested in any ones opinion who is familiar with the area.
Would anyone consider commuting to Qtown or the slopes from there?
Is there a chance of capital gain rubbing off from Qtown or is it just money for something that will stagnate?
Would it be an area that would be rentable?
I have seen on the stats that only 1 place sold recently for 17%below GV.
The other issue is that he can only afford a tiny place that would need work
Opinions would be well appreciated Cheers
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