Hi all!
I have been looking to buy an investment property in Sydney (mostly 2 bedroom units in Eastern Suburbs and Inner West). I am 28, own a PPOR outright and have about $300K saved up. My salary is $70K a year.
If this is your situation, what would you do?
I know I am late into the game and there is so much information out there which makes it quite overwhelming.
Interested to hear your thoughts and recommendations! Any advice would be really appreciated.
I have been looking to buy an investment property in Sydney (mostly 2 bedroom units in Eastern Suburbs and Inner West). I am 28, own a PPOR outright and have about $300K saved up. My salary is $70K a year.
If this is your situation, what would you do?
- How many properties would you buy?
- New or old? I?ve been told to look for small block of units with low strata but it seems like the only option is to buy older unit, which means you don?t benefit from depreciation. Thoughts?
- Positive or negative cash flow? (I'm leaning towards high growth option)
- How to structure the loan, leveraging equity etc.?
- Which areas would you buy?
- Should I use a buyer agent?
I know I am late into the game and there is so much information out there which makes it quite overwhelming.
Interested to hear your thoughts and recommendations! Any advice would be really appreciated.