Conditions:
* You have $450k to spend.
* You and your partner are going to live in it for up to 6 months doing a reno, then rent it out indefinately (no eye to sell).
* Preferences are riding the wave of the next (seperate thread alert) of 30% gains in Sydney in the next 24 months.
* Would prefer townhouse/small block, to large block/house.
* Closer to CBD the better.
Questions:
* Where would you buy?
* 3 Year CG estimate for type of property/area combo?
* Rental returns?
I think we are all sitting on a gold mine in this segment of Sydney in the next 24 months. It just so happens that I have just moved to Sydney and ready to really dig my teeth into a nice place. I invite you all to open up a nice discussion in this price range, with the reno/CG then hold route of investment in mind. Lets way up small place/block closer to CBD, vs further out with good transport possibilities and larger block/bigger place.
My Research:
* Zetland/Beaconsfield: transition to higher density, maybe stretch to 2 bedroom single story townhouse in (original condition), with good CG potential - maybe a little out of %% range.
* Campsie?
* 3-4 Bedroom west of Parramatta?
??????
* You have $450k to spend.
* You and your partner are going to live in it for up to 6 months doing a reno, then rent it out indefinately (no eye to sell).
* Preferences are riding the wave of the next (seperate thread alert) of 30% gains in Sydney in the next 24 months.
* Would prefer townhouse/small block, to large block/house.
* Closer to CBD the better.
Questions:
* Where would you buy?
* 3 Year CG estimate for type of property/area combo?
* Rental returns?
I think we are all sitting on a gold mine in this segment of Sydney in the next 24 months. It just so happens that I have just moved to Sydney and ready to really dig my teeth into a nice place. I invite you all to open up a nice discussion in this price range, with the reno/CG then hold route of investment in mind. Lets way up small place/block closer to CBD, vs further out with good transport possibilities and larger block/bigger place.
My Research:
* Zetland/Beaconsfield: transition to higher density, maybe stretch to 2 bedroom single story townhouse in (original condition), with good CG potential - maybe a little out of %% range.
* Campsie?
* 3-4 Bedroom west of Parramatta?
??????