Hi guys,
My strategy has changed dramatically overnight, which has left me with a surplus to consider an additional high-yielding property.
I'd like to stick to Sydney (part of my strategy). I already have one IP in St Marys which I'm very pleased with (Bought 18 months ago, $180K, returns $260pw rent and has shown a little bit of CG too!).
It's like this: I have less than $200K to spend on another IP that needs to be high-yielding, and in in Sydney. There are two suburbs where such a bracket seems a worthy pursuit:
1) St Marys - 45km from CBD (for above high yield and decent CG reasons)
2) Fairfield/Cabramatta and surrounds - 20km from CBD (I know it's got a rough reputation but yields are similar to St Marys for the sub-$200K market)
3) Guildford - 25km from CBD (again, rougher area but decent yields)
The appeal of Fairfield/Cabramatta is it's the closest CBD-proxmity (with good transport; so city-workers have appeal for this area). For St Marys the appeal is it's the most 'pleasant' liveable area of the three. Guildford... um... not sure what the appeal is (maybe the lack of appeal should rule it out already!) but having lived in Parramatta I've never felt 'safe' wandering through Guildford...
My St Marys tenants (I've had two lots of them so far) have both been excellent (maybe I got lucky? Nah, I think I just have an excellent, selective, agency picking the right tenants).
Keen to hear of any other options within 40km radius of downtown Sydney city.
Basically, where would be best to invest, of these options. Yield is primary objective; slow CG is a given with such properties/areas, I know, so yield-wise, I think these are the best Sydney options in this pricerange.
My strategy has changed dramatically overnight, which has left me with a surplus to consider an additional high-yielding property.
I'd like to stick to Sydney (part of my strategy). I already have one IP in St Marys which I'm very pleased with (Bought 18 months ago, $180K, returns $260pw rent and has shown a little bit of CG too!).
It's like this: I have less than $200K to spend on another IP that needs to be high-yielding, and in in Sydney. There are two suburbs where such a bracket seems a worthy pursuit:
1) St Marys - 45km from CBD (for above high yield and decent CG reasons)
2) Fairfield/Cabramatta and surrounds - 20km from CBD (I know it's got a rough reputation but yields are similar to St Marys for the sub-$200K market)
3) Guildford - 25km from CBD (again, rougher area but decent yields)
The appeal of Fairfield/Cabramatta is it's the closest CBD-proxmity (with good transport; so city-workers have appeal for this area). For St Marys the appeal is it's the most 'pleasant' liveable area of the three. Guildford... um... not sure what the appeal is (maybe the lack of appeal should rule it out already!) but having lived in Parramatta I've never felt 'safe' wandering through Guildford...
My St Marys tenants (I've had two lots of them so far) have both been excellent (maybe I got lucky? Nah, I think I just have an excellent, selective, agency picking the right tenants).
Keen to hear of any other options within 40km radius of downtown Sydney city.
Basically, where would be best to invest, of these options. Yield is primary objective; slow CG is a given with such properties/areas, I know, so yield-wise, I think these are the best Sydney options in this pricerange.