14 | Should You Buy During a Boom and Are We in a Property Bubble?!
The Property Couch
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Buying a Single Fronted Period Home in a Western Suburbs
In 2001, I bought a $395,000 property in Alexandria and now it's worth over a million dollars. So people are saying, well, why don't you cash in? The reality is I'm a long-term investor. And that comes back to our point before about if we are going to buy into a marketplace or not. If the area is growing quicker than you can save, that's a terrific trigger to buy into that market. But when we're in a heated market like we are at the moment, we know that the suburbs that give up the most of their gains are the newer state areas. They might have had a 40 or 50% gain in this cycle,
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