I have had discussion with my colleagues in regard to buying IPs recently. You generally get different looks from colleagues (and friends) depending on the location of the property you invested. For example, my colleague just bought a house at Lower North Shore of Sydney, and everyone's eyes lighted up. I bought one at end of Hills district and they think it is not bad but "could be better". Then there are people buying in the west .....
Looking at somersoft there are lot of investors buying in "value for money + CF+" suburbs (eg 2770 areas, Logan council areas, Elizabeth, Frankston etc), instead of "prestige" suburbs. Do you get judged on where you buy your property? Or do you even tell people where you invest your property?
Also do you buy IP due to some emotional/"prestige" factor? Of course we cannot talk about PPOR due to different requirement for lifestyle for each person.
Looking at somersoft there are lot of investors buying in "value for money + CF+" suburbs (eg 2770 areas, Logan council areas, Elizabeth, Frankston etc), instead of "prestige" suburbs. Do you get judged on where you buy your property? Or do you even tell people where you invest your property?
Also do you buy IP due to some emotional/"prestige" factor? Of course we cannot talk about PPOR due to different requirement for lifestyle for each person.