Hi all,
Firstly, I have been reading this site for months and months and am still as confused as I started!
I moved to Sydney roughly 4 months ago, work in North Sydney, and live in McMahons Point. I'm currently paying about $300/week in rent.
From the outset I have been looking for a house (note. I'm from Adelaide and am not used to the concept of apartments), I have used my weekends to deduct areas from my extended vision and have now settled on 2060 (Nth Syd,McMahons Point, Neutral Bay)
My question is, I am finally ready to buy, I have a budget of 500ish but would prefer to spend under 300k. I have seen many studios for about the 300k mark (mind you they are all roughly 30-40sqm)
Some of these with carparks, some without.
I would of-course, prefer a one bedroom, but I figured getting into the market at the lowest price point is the right thing to do - I could live in this place for 6 months and then use the equity to begin to expand my portfolio.
Does this sound like a good idea? Is North Sydney too expensive - or is it good just to get in, and worry about the rest later?
Thanks in advance!
Firstly, I have been reading this site for months and months and am still as confused as I started!
I moved to Sydney roughly 4 months ago, work in North Sydney, and live in McMahons Point. I'm currently paying about $300/week in rent.
From the outset I have been looking for a house (note. I'm from Adelaide and am not used to the concept of apartments), I have used my weekends to deduct areas from my extended vision and have now settled on 2060 (Nth Syd,McMahons Point, Neutral Bay)
My question is, I am finally ready to buy, I have a budget of 500ish but would prefer to spend under 300k. I have seen many studios for about the 300k mark (mind you they are all roughly 30-40sqm)
Some of these with carparks, some without.
I would of-course, prefer a one bedroom, but I figured getting into the market at the lowest price point is the right thing to do - I could live in this place for 6 months and then use the equity to begin to expand my portfolio.
Does this sound like a good idea? Is North Sydney too expensive - or is it good just to get in, and worry about the rest later?
Thanks in advance!