Hi All,
Appreciate your advice/opinions re achieving some strong capital growth over the next 3-5 years. Whilst good yield is nice, only a secondary concern because serviceability is strong.
I have a PPOR and 1st IP in Canberra. Pretty highly leveraged now (80%), but want to push it out to 90% to get into the market again this year. I'm aware of the LMI, but would rather cop it now than wait another 1-2 years.
Met with a good broker (Ed Nixon) that reckons he can free up about $100k in equity to make the next purchase. So I can get my hands on $500k, maybe $550k at a stretch.
This next purchase is going to max me out for quite a while unless I can achieve somer seriously good growth in the short-medium term. At the moment I'm leaning towards a 1 or 2 bedroom apartment in Sydney's Eastern Suburbs or Inner West.
Suburbs I'm considering are Bronte/Randwick/Coogee or Chippendale/Camperdown. Hoping to buy something in 'original' condition and bring up to date.
Now I know none of us have crystal balls, but if you were me, what would you do?
Final query. Anyone know of good buyers agents that specialise in these areas?
Thanks heaps in advance!
Appreciate your advice/opinions re achieving some strong capital growth over the next 3-5 years. Whilst good yield is nice, only a secondary concern because serviceability is strong.
I have a PPOR and 1st IP in Canberra. Pretty highly leveraged now (80%), but want to push it out to 90% to get into the market again this year. I'm aware of the LMI, but would rather cop it now than wait another 1-2 years.
Met with a good broker (Ed Nixon) that reckons he can free up about $100k in equity to make the next purchase. So I can get my hands on $500k, maybe $550k at a stretch.
This next purchase is going to max me out for quite a while unless I can achieve somer seriously good growth in the short-medium term. At the moment I'm leaning towards a 1 or 2 bedroom apartment in Sydney's Eastern Suburbs or Inner West.
Suburbs I'm considering are Bronte/Randwick/Coogee or Chippendale/Camperdown. Hoping to buy something in 'original' condition and bring up to date.
Now I know none of us have crystal balls, but if you were me, what would you do?
Final query. Anyone know of good buyers agents that specialise in these areas?
Thanks heaps in advance!