Property location decision...

[dedfred]

If you could borrow 250K (maybe 300K), lived in Sydney and was looking to purchase your 2nd IP.

Would you:

1. Look to buy a 1BR unit in the suburbs near the CBD.
2. Look interstate at QLD and see if you can still get a bargain within this budget
3. Look in the much talked about SA, and north Adelaide areas.

This is my current situation…I got into the property market last year and purchased our first IP in QLD (which is going pretty well now). Almost 12 months down the track, I’d like to get stuck into number: 2 but am lost to pick a good spot.

My instinct tells me SA…some of the posts on the forum point me to this as well but… …I’m not 100%.

Can I get your thoughts, if you were in my situation…what would you choose?

If I can get some pointer in locations and suburbs it'll be really appreciated.

Trev