hey guys/girls,
I have been reading this forum for a while and saving up for my first home and probably IP after i have lived in it for a while.....
I have saved up around 60K and get around 600K loan...
Now, i have seen 2 OP properties and for 600k mark i can only afford 1 bed, 1 bath and 1 car park - One of the development is next to Dulwich hill and another one is 1km away on Marrickville rd.....
My plan is to live there initially for sometime, use it to buy other places if i could and use it as a IP later...
I am a newbie so probably making a hasty decision but just wondering what do you guys think?
I guess i can always use the same money and buy a cheaper Apt - around 370k and buy a place further ( 2 Bed, 2 Bath) and live it on rent while i keep renting.....
So just wondering what do you guys think of OP 1 bed Apt in Inner west and if its a better option or i need to move further from city and buy something cheaper around west or Liverpool etc.....
In terms of risk, i can afford 600k as long as i see some growth and dont find it too difficult to put the place on rent if i want to and as long as it goes for 500/week (1 bed,1 Bath) rough figure
I have been reading this forum for a while and saving up for my first home and probably IP after i have lived in it for a while.....
I have saved up around 60K and get around 600K loan...
Now, i have seen 2 OP properties and for 600k mark i can only afford 1 bed, 1 bath and 1 car park - One of the development is next to Dulwich hill and another one is 1km away on Marrickville rd.....
My plan is to live there initially for sometime, use it to buy other places if i could and use it as a IP later...
I am a newbie so probably making a hasty decision but just wondering what do you guys think?
I guess i can always use the same money and buy a cheaper Apt - around 370k and buy a place further ( 2 Bed, 2 Bath) and live it on rent while i keep renting.....
So just wondering what do you guys think of OP 1 bed Apt in Inner west and if its a better option or i need to move further from city and buy something cheaper around west or Liverpool etc.....
In terms of risk, i can afford 600k as long as i see some growth and dont find it too difficult to put the place on rent if i want to and as long as it goes for 500/week (1 bed,1 Bath) rough figure