IP in Sydney with budget ~550k-690k

[poeter]

Hi All,

I bought 2x 2bedders in Campsie as IPs which I manage privately.

I've been buying them in late 2011 and late 2013. So I'm looking to use some of the equity for a 3rd in mid-late 2015

Both worth between 650-690k in current market as of today.

Not sure if I should buy another one in Campsie but never had issues with vacancies.

So I'm looking to venture out to other suburbs.

So far I'm looking at Carlingford. Would this be an OK surburb to begin with?

Any other suggestions would be appreciated.

Thanks.

 

[jerrybee]

How did you buy something in a relative sought after area like that in 2011 and not have it go up by much? Did you buy OTP?

 

[poeter]

How did you buy something in a relative sought after area like that in 2011 and not have it go up by much? Did you buy OTP?

Not sure what you meant by "not have it go up by much"?

I guess I should mention that they're both 2bedder units. Not houses, didn't have the money for houses at the time. I bought the first unit right before they ended the first home buy grant as PPOR. $465,000 at the time. The second unit was $545,000.

I guess to clarify my previous post, both property should be worth around 650-690k.

 

[jerrybee]

Not sure what you meant by "not have it go up by much"?

I guess I should mention that they're both 2bedder units. Not houses, didn't have the money for houses at the time. I bought the first unit right before they ended the first home buy grant as PPOR. $465,000 at the time. The second unit was $545,000.

I guess to clarify my previous post, both property should be worth around 650-690k.

Ok my bad I misread your post.