Hi,
I see this topic appearing in couple of threads, but I am quite a novice investor and would use every bit of advice.
I have purchased my first home two years ago and first investment property last month from Sydney. Both turned out to be good deals with a lot of luck from property frenzy in Sydney. I now sit on a considerable equity, but no cash. Sydney seems a bit out of touch for me at the moment and I am very much tempted to invest in Adelaide. I have never been to Adelaide and my only source of information is Google. I have few questions...
In Sydney, the rule is, closer to CBD or sea better the investment (considering you've purchased some time ago). I also find two bedroom units in certain locations making a good investment here. Is that the deal in Adelaide as well? I am trying to understand what would be the most meaningful investment. Something around 300K? and who would rent those properties? Seems tenants in Adelaide prefer houses to units. Is that the case? Considering my tight cash flow, I don't think I could handle vacancy much, so trying to minimise vacancy, but also make sure there is GC in mid - long term.
Thanks a lot
I see this topic appearing in couple of threads, but I am quite a novice investor and would use every bit of advice.
I have purchased my first home two years ago and first investment property last month from Sydney. Both turned out to be good deals with a lot of luck from property frenzy in Sydney. I now sit on a considerable equity, but no cash. Sydney seems a bit out of touch for me at the moment and I am very much tempted to invest in Adelaide. I have never been to Adelaide and my only source of information is Google. I have few questions...
In Sydney, the rule is, closer to CBD or sea better the investment (considering you've purchased some time ago). I also find two bedroom units in certain locations making a good investment here. Is that the deal in Adelaide as well? I am trying to understand what would be the most meaningful investment. Something around 300K? and who would rent those properties? Seems tenants in Adelaide prefer houses to units. Is that the case? Considering my tight cash flow, I don't think I could handle vacancy much, so trying to minimise vacancy, but also make sure there is GC in mid - long term.
Thanks a lot