Hi All
I have recently joined this forum reading through other people's posts trying to learn more about different kinds of property invetments.
I am hoping to buy my first IP later this year. Unfortunately, my budget is rather small - I am hoping to spend no more than $200K which would include my 20% to 30% deposit plus the remainer of the PP being financed.
My DD is in its very early stages, however, Liverpool, Cabramatta, Auburn and Fairfield seem to have potential for someone with my budget. I would be greatful to hear everyone's opinion on these suburbs. In particular:
- would you consider them more suitable for buy-and-hold (rent) type of investments or perhaps buy- quick reno-sell, or both?
- would you look to purchase a house or a unit?
- can you recommend any areas within these suburbs (or any other suburbs within the price range)?
I would appreciate any advice you can provide and would not be too adverse to any criticism if you think something in this intial plan of mine does not add up.
Cheers!
I have recently joined this forum reading through other people's posts trying to learn more about different kinds of property invetments.
I am hoping to buy my first IP later this year. Unfortunately, my budget is rather small - I am hoping to spend no more than $200K which would include my 20% to 30% deposit plus the remainer of the PP being financed.
My DD is in its very early stages, however, Liverpool, Cabramatta, Auburn and Fairfield seem to have potential for someone with my budget. I would be greatful to hear everyone's opinion on these suburbs. In particular:
- would you consider them more suitable for buy-and-hold (rent) type of investments or perhaps buy- quick reno-sell, or both?
- would you look to purchase a house or a unit?
- can you recommend any areas within these suburbs (or any other suburbs within the price range)?
I would appreciate any advice you can provide and would not be too adverse to any criticism if you think something in this intial plan of mine does not add up.
Cheers!