Hello Investment Hero’s,
I am looking at investing in my first home in Sydney. I want preferably live in a new home and my budget is $450K max.
I have looked at Homebush West and can only find off the plan apartments which are 465K+, other apartments which are less than 10 years old are around 410K-420K +stamp duty since I am looking at 2 bedrooms + 2 bathroom apartments (2 bathrooms and strata not more than $850 per quater).
In One Minto I can see new 4 bedroom + 2 bathroom houses and a block of land for 450K and can also take advantage of the FHOG which I tempted to take advantage for.
Ideally I would like to live in the property for about 7 years before I make it a rental investment property or sell it.
Which property do you think will be a good Investment both rental income wise and capital gain wise if I decide to sell it?
Really appreciate your feedback.
I am looking at investing in my first home in Sydney. I want preferably live in a new home and my budget is $450K max.
I have looked at Homebush West and can only find off the plan apartments which are 465K+, other apartments which are less than 10 years old are around 410K-420K +stamp duty since I am looking at 2 bedrooms + 2 bathroom apartments (2 bathrooms and strata not more than $850 per quater).
In One Minto I can see new 4 bedroom + 2 bathroom houses and a block of land for 450K and can also take advantage of the FHOG which I tempted to take advantage for.
Ideally I would like to live in the property for about 7 years before I make it a rental investment property or sell it.
Which property do you think will be a good Investment both rental income wise and capital gain wise if I decide to sell it?
Really appreciate your feedback.
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