This is my first forum post- have been following the various topics for some weeks now, learnt heaps!, thanks to all of you!.
Our PPOR is in the Hills District in Sydney, we have a positively-geared IP in Goulburn. We had considered selling Goulburn to finance something on the coast, but have re-evaluated this plan after reading various threads...REA fees, SD, etc...
We are keen to invest on the coast, not for holiday rental though. Was wondering what people thoughts are re: Umina vs. Fingal Bay??. Based on our limited research (I say this, as we are amateurs!) it would appear that Umina hasn't peaked yet. It is an hour, door-to-door, from Hills District....and can still pick-up 2-3bed villas just footsteps from the beach from under 300K. Am sure there is still some gentrification yet to occur there too. Fingal Bay is further away and somewhat isolated, but a really beautiful beach and local area. Can pick up 3-4 bed houses for same price range as Umina- still quite close to the beach. Main concern with Fingal would be probable difficulties finding permanent tenants.
Our main goal, is to get something on the coast, put tenant in, then 10+ years on, holiday let it and use it ourselves. Good CG would be good too!.
Would appreciate your thoughts, especially if there is anyone out there who know anything about these 2 areas.
Our PPOR is in the Hills District in Sydney, we have a positively-geared IP in Goulburn. We had considered selling Goulburn to finance something on the coast, but have re-evaluated this plan after reading various threads...REA fees, SD, etc...
We are keen to invest on the coast, not for holiday rental though. Was wondering what people thoughts are re: Umina vs. Fingal Bay??. Based on our limited research (I say this, as we are amateurs!) it would appear that Umina hasn't peaked yet. It is an hour, door-to-door, from Hills District....and can still pick-up 2-3bed villas just footsteps from the beach from under 300K. Am sure there is still some gentrification yet to occur there too. Fingal Bay is further away and somewhat isolated, but a really beautiful beach and local area. Can pick up 3-4 bed houses for same price range as Umina- still quite close to the beach. Main concern with Fingal would be probable difficulties finding permanent tenants.
Our main goal, is to get something on the coast, put tenant in, then 10+ years on, holiday let it and use it ourselves. Good CG would be good too!.
Would appreciate your thoughts, especially if there is anyone out there who know anything about these 2 areas.