This question is really something I would like to hear everyone's thoughts on. Or is it too broad of a question? I'm wondering if going forward with slowly building our portfolio, whether we would be better off buying blue chip properties close to capital cities but most of the time I would say our budget would limit us to units. Or whether to buy further out and manage to secure a house on a good size block?
If our overall plan is Buy and Hold, which would be a better strategy for the future of the portfolio or is a mixture of the above the best way to go?
At the moment we have a 400k budget for our second IP and are looking in Sydney. Hubby would prefer to buy something closer to Sydney CBD because that is what he feels more comfortable with, but many Somersoft members think out west could be worth considering for a house.
I guess I am just interested in hearing what other's opinions are on this topic and obviously this would apply to any capital city as in the future we would be looking elsewhere for additional IP's.
I look forward to hearing what you guys think. Thanks.
If our overall plan is Buy and Hold, which would be a better strategy for the future of the portfolio or is a mixture of the above the best way to go?
At the moment we have a 400k budget for our second IP and are looking in Sydney. Hubby would prefer to buy something closer to Sydney CBD because that is what he feels more comfortable with, but many Somersoft members think out west could be worth considering for a house.
I guess I am just interested in hearing what other's opinions are on this topic and obviously this would apply to any capital city as in the future we would be looking elsewhere for additional IP's.
I look forward to hearing what you guys think. Thanks.