Hi
I need some advise please..my husband and I are looking at purchasing an investment property where we can one day (10yrs plus plan) knock down the existing house and build duplexes/dual occupancy. We currently live in a house that is mortgaged and we have a 2bdm unit that we purchased for investment. We started our search within the Parramatta Council area and soon discovered that it is overpriced for what we can afford (I think we have been priced out of Holroyd council as well). We don't really want to go over $500K (incl stamp duty, legals etc). Our sights have now turned to Blacktown council...we would love to gain some insight into areas particularly Riverstone (at this preliminary stage we are not sure even where the correct zoning is here).....still paying about $450-$500 here for a good size block...is that too much to pay do you think for this area? Are we better off sticking to St Marys, Blacktown, etc etc..
Thoughts are appreciated
I need some advise please..my husband and I are looking at purchasing an investment property where we can one day (10yrs plus plan) knock down the existing house and build duplexes/dual occupancy. We currently live in a house that is mortgaged and we have a 2bdm unit that we purchased for investment. We started our search within the Parramatta Council area and soon discovered that it is overpriced for what we can afford (I think we have been priced out of Holroyd council as well). We don't really want to go over $500K (incl stamp duty, legals etc). Our sights have now turned to Blacktown council...we would love to gain some insight into areas particularly Riverstone (at this preliminary stage we are not sure even where the correct zoning is here).....still paying about $450-$500 here for a good size block...is that too much to pay do you think for this area? Are we better off sticking to St Marys, Blacktown, etc etc..
Thoughts are appreciated