A
Anonymous
Guest
From: Anonymous
I'm a newbie and I've just bought my first IP, a 2 bedroom villa in Coffs Harbour.
In 2 years I should have approx $80k equity.
Is this enough to buy my 2nd IP?
I'd like to buy in Sydney, hopefully during the bust cycle, spending about 150-200k. I think I'll only be able to afford western Sydney with such a small amount of money.
Does anyone know of any areas including Sydney where I could get capital growth, at least doubling in value in 10 years and positive or neutral cashflow on an interest only loan for this price?
Jenny
I'm a newbie and I've just bought my first IP, a 2 bedroom villa in Coffs Harbour.
In 2 years I should have approx $80k equity.
Is this enough to buy my 2nd IP?
I'd like to buy in Sydney, hopefully during the bust cycle, spending about 150-200k. I think I'll only be able to afford western Sydney with such a small amount of money.
Does anyone know of any areas including Sydney where I could get capital growth, at least doubling in value in 10 years and positive or neutral cashflow on an interest only loan for this price?
Jenny
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