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Hi John, I would rather buy cheap and do reno's myself. I do understand what you say about the costs of renovations, however i come from a family of many trades, - so that's not a problem.

Hey Kvellimalai, I think ill keep my current finds to myself untill i secure one of them.

Thanks for all the responses guys, however can we please focus on the CG aspect/ pros and cons of the areas, Like i have said i have already found a few terraces in the areas i have mentioned for under 500k so that bit isnt a problem - hard to find YES however their are some out their!

Hi chase, Yeah i do live in sydney, and yes i have seen and been in contact with a few agents today about Terrace's under the 500k mark, so their is some out their. They do require renovations - which im happy to do.

hey depreciator, im trying to buy a run down place, that i will renovate. I have seen a few under the 500k mark that require reno's, just cant decide on which suburb.

I have 500k to spend. Im looking into buying a terrace/house in either Enmore, Marrickville, Dulwhich hill, Bexley, mascot, Ryde or San Souci area. Any opinions on which suburb would be better to invest in? Pros and Cons? My main object is capital gain. Any thoughts would be appreciated.