Quote:
Originally Posted by b0son
Not really. We've had significant population growth, helped largely by an influx of migrants. When you consider how long the development process lasts, from initial land purchase, approval, subdivision, design and build, it may have been two years or more ago the developer originally decided to develop that location. Things were very different then.
You'd hate to be a developer right now sitting on major holdings yet to complete construction. OTOH, if you have job security and a deposit ready to go, in 6-12 months there may be some bargains to be had. About the only issue will be getting a reasonable rental return (that was the only reason we bailed on an OTP build earlier this year).
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I'd leave It alone, that $195k is saving you 3.1% nearly double what'd it earn in a Term deposit...
Just My thoughts, & I'm no Financial whizz..