Hello everyone,
It's my first ever post in SS and i hope i am in the right place to get an advice on IP
I would like to buy an IP at this stage and in future i might shift myself (or buy another property with equity or selling the IP). Currently i am single and happy renting a place near to my workplace. My salary is around $100K and i have a deposit of $100k. I can get a home loan up to 500k. My monthly net savings are around $4k.
My preferences (goals) :
- I prefer Good capital growth (over long term) more than a yield
- low strata costs and maintenance costs
- good tenancy
Places : Lakemba, Wiley Park, Mount Druit, Auburn etc. In my opinion, these places have cheap IP but i am happy with other suburbs as well.
Please advise
1- where to buy(suburb)?
2- what to buy (house, unit, townhouse etc) ? for my own living, i would prefer house but for an IP, i am okay with anything.
3- Is it the right time to buy an IP ?
Please suggest any good buyer's agent as well as i have little knowledge about IP and wouldn't want ending up being screwed. Or i better off doing my own research and save the BA's cost.
Cheers
It's my first ever post in SS and i hope i am in the right place to get an advice on IP
I would like to buy an IP at this stage and in future i might shift myself (or buy another property with equity or selling the IP). Currently i am single and happy renting a place near to my workplace. My salary is around $100K and i have a deposit of $100k. I can get a home loan up to 500k. My monthly net savings are around $4k.
My preferences (goals) :
- I prefer Good capital growth (over long term) more than a yield
- low strata costs and maintenance costs
- good tenancy
Places : Lakemba, Wiley Park, Mount Druit, Auburn etc. In my opinion, these places have cheap IP but i am happy with other suburbs as well.
Please advise
1- where to buy(suburb)?
2- what to buy (house, unit, townhouse etc) ? for my own living, i would prefer house but for an IP, i am okay with anything.
3- Is it the right time to buy an IP ?
Please suggest any good buyer's agent as well as i have little knowledge about IP and wouldn't want ending up being screwed. Or i better off doing my own research and save the BA's cost.
Cheers