From: Jenny Nowakowski
I posted this yesterday but it hasn't shown up.
I'm a newbie and I've just bought my first IP, a 2 bedroom villa in Coffs Harbour.
In 2 years time I should have approx $80k equity.
Is this enough to buy another IP?
I'd like to buy in Sydney for approx 150-200k, hopefully in the bust cycle, but would probably have to buy in the western suburbs for so little.
Does anyone know of any areas in Sydney or anywhere else where I can buy a property for approx that much and get capital growth so the value at least doubles in 10 years and have positive or neutral cashflow?
Thanks
Jenny
I posted this yesterday but it hasn't shown up.
I'm a newbie and I've just bought my first IP, a 2 bedroom villa in Coffs Harbour.
In 2 years time I should have approx $80k equity.
Is this enough to buy another IP?
I'd like to buy in Sydney for approx 150-200k, hopefully in the bust cycle, but would probably have to buy in the western suburbs for so little.
Does anyone know of any areas in Sydney or anywhere else where I can buy a property for approx that much and get capital growth so the value at least doubles in 10 years and have positive or neutral cashflow?
Thanks
Jenny
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