Hey All,
I've been hovering around here for the last month or so and have found this to be a great forum. So I finally thought I should register as I have been going back and forth about purchasing a place for much too long. Hopefully it's not rude of me to ask for advice as my first post...
I am looking at getting a place in Redfern (Moore Park Garden in particular) or Chippendale.
I aim to live there for the first 6 months (FHOG) and then possibly rent it out (depending on where I am working at that point). At the moment as a place of resident I really like the apartments in the Moore Park Gardens, and from my research they get around $480-500p/w for a 1 bedroom (480,000ish) apartment. I was wondering what you all thought about these apratments in regards to their potential for value increase. I'm concerned they have reached there peak...
The other option is to purchase a property in Chippendale where prices are still relatively OK but may still rise with all the development talk.
The reason I have chosen these locations are because I like these locations and I may end up living there for a while. Moore Park Gardens more so because I like the apartments there and Chippendale as it's in a location that I don't mind living in and it seems like it might be a better investment.
Hopefully I have provided all the relevant information required. Looking forward to hear your response.
Cheers!
I've been hovering around here for the last month or so and have found this to be a great forum. So I finally thought I should register as I have been going back and forth about purchasing a place for much too long. Hopefully it's not rude of me to ask for advice as my first post...
I am looking at getting a place in Redfern (Moore Park Garden in particular) or Chippendale.
I aim to live there for the first 6 months (FHOG) and then possibly rent it out (depending on where I am working at that point). At the moment as a place of resident I really like the apartments in the Moore Park Gardens, and from my research they get around $480-500p/w for a 1 bedroom (480,000ish) apartment. I was wondering what you all thought about these apratments in regards to their potential for value increase. I'm concerned they have reached there peak...
The other option is to purchase a property in Chippendale where prices are still relatively OK but may still rise with all the development talk.
The reason I have chosen these locations are because I like these locations and I may end up living there for a while. Moore Park Gardens more so because I like the apartments there and Chippendale as it's in a location that I don't mind living in and it seems like it might be a better investment.
Hopefully I have provided all the relevant information required. Looking forward to hear your response.
Cheers!
