How is the current market for PI - looking for a general update!

[Inve5ter]

Hi all,

Have been offline for awhile (work work work), but getting back into putting some hard effort into my second PI. Pre-approval is done and ready to go!

Problem im seeing is the 300k houses around South West, West Sydney are almost a no-go. Unless i'm not being quick enough, or having a real estate agent on the take! haha

So my question is, in this current market, what are peoples suggestions on PI? I was hoping for a brick house, 3 beds, single bath and garage. Areas I was looking at, St Marys, Mt Druit, Campbelltown, Blacktown.

Since the market is pushing up so high, i'm now looking at purchase price around the 350k mark... but is it worth it? or should I wait until prices drop?

Had even crossed my mind to build a newie, and flip it.

decisions decisions

 

[D.T.]

That horse has bolted, look further afield

 

[nhg]

As above. Western Sydney has gone. QLD came after but is game over now too IMO. Am just starting my research again. Am looking somewhere entirely different myself. Am also considering development sites. Have a short window with a very promising pre-approval being done by TerryW atm.

 

[Inve5ter]

As above. Western Sydney has gone. QLD came after but is game over now too IMO. Am just starting my research again. Am looking somewhere entirely different myself. Am also considering development sites. Have a short window with a very promising pre-approval being done by TerryW atm.

Yeah seems that way. PT_bear sorted me out with my pre-approval. Good bloke!

Shame I missed the wagon on the western sydney buy.. was very keen on it as well.