Hi
I am trying to get hold of a property in Sydney having had couple in Melbourne.
Carramar seems to have a very high rental yield 7% and still the 2 bed units are around 200K at the moment.
It ticks my list close to station, not far from cbd but I am worried about CG as the property I am trying to buy was bought for 250K 2 years ago so in fact i thas gone down in price. I know higher rental means low CG but this seems to be going negative so wondering if this trend will continue.
With around 200K budget I dont think I will get anything in Sydney which has a good CG as well as reasonable. The other think worrying me is the time to sell if i have to as there are units that are there unsold for months
Any suggestions if I should go with carramar or concentrate on western sydney like st marys?
Suggestions please experts there
pok
I am trying to get hold of a property in Sydney having had couple in Melbourne.
Carramar seems to have a very high rental yield 7% and still the 2 bed units are around 200K at the moment.
It ticks my list close to station, not far from cbd but I am worried about CG as the property I am trying to buy was bought for 250K 2 years ago so in fact i thas gone down in price. I know higher rental means low CG but this seems to be going negative so wondering if this trend will continue.
With around 200K budget I dont think I will get anything in Sydney which has a good CG as well as reasonable. The other think worrying me is the time to sell if i have to as there are units that are there unsold for months
Any suggestions if I should go with carramar or concentrate on western sydney like st marys?
Suggestions please experts there
pok