Hello
I've got $18k banked, can borrow max $170k. I'm not a fan of units, and I confirmed this thought when I inspected one the other day - I dont want the hassle of a body corporate. So, I'm left with houses on single title land.
No longer can I find a house in capital cities for this range - Elizabeth in S.A was the last place - I'm seeing many semi's (duplexes) - but not to my interest!
So, now I'm looking somewhere between 65km-150km of capital cities more so near water in the following cities:
1. NSW (I bought a house on the Sth coast 18mths ago $150k & no equity at the moment due to it being very flat - Im not looking there again so my eggs aren't in one basket - so I've read!!!)
2. SA
3. QLD
4. VIC
5. TAS
I've been considering to hold off until I can double on a deposit and gain equity in the first IP.
What are your suggestions on the above 5 states with houses in the $170k range within 65-150km of Capital cities?
What are your suggestions on my situation (with my savings, borrowing power, first IP and looking for a 2nd IP) ?
Thanks
I've got $18k banked, can borrow max $170k. I'm not a fan of units, and I confirmed this thought when I inspected one the other day - I dont want the hassle of a body corporate. So, I'm left with houses on single title land.
No longer can I find a house in capital cities for this range - Elizabeth in S.A was the last place - I'm seeing many semi's (duplexes) - but not to my interest!
So, now I'm looking somewhere between 65km-150km of capital cities more so near water in the following cities:
1. NSW (I bought a house on the Sth coast 18mths ago $150k & no equity at the moment due to it being very flat - Im not looking there again so my eggs aren't in one basket - so I've read!!!)
2. SA
3. QLD
4. VIC
5. TAS
I've been considering to hold off until I can double on a deposit and gain equity in the first IP.
What are your suggestions on the above 5 states with houses in the $170k range within 65-150km of Capital cities?
What are your suggestions on my situation (with my savings, borrowing power, first IP and looking for a 2nd IP) ?
Thanks