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I will most likely be buying and holding it with a longer term intention like you mentioned :) I don't believe this will sacrifice toooooo much rental value.. Hoping to pay 380k. Lowest 3Bdr in the suburb for rent seems to be $420pw.

Thanks Ideo. I will most likely go and inspect the house and see how I go from there then. Definitely a bit uneasy about it but i'll see how it plans out.

Thanks for the replies guys and girls. It's a property in Newcastle in a pretty sought after suburb (only reason why it's in my budget is the absence of a garage) I think if I were a student, I wouldn't mind living in it. I am just afraid about re-sale value that is all.

Hello all! New to this forum and have been reading up a wealth of knowledge so thank you all. I am in the process of purchasing an investment property, and I have come across one that is in a suburb that has potential however there is no garage, and the closest street parking is approximately...