Hi,
just started looking for my second investment property. Current saving is around 80K and no equity in first investment(which sucks).
I am looking into buying 2bdrm unit somewhere in sydney inner west, mainly dulwich hill, hurlstone park, burwood, strathfield, concord west. I am bit confused which suburb will be better for investment in long term. any suggestions apart from suburb listed above is welcome.
Also noticed that now a days most of the properties are on Auction, dont understand why. Being new to property investment I am personally not very comfortable buying through Auctions. Can anyone please explain me why there are more auction sell than direct? If I like property but its on auction, what will be the best way to go for it? Should I get some professional help to attend auction for me?
Any suggestions will be greatly appreciated.
Thanks
just started looking for my second investment property. Current saving is around 80K and no equity in first investment(which sucks).
I am looking into buying 2bdrm unit somewhere in sydney inner west, mainly dulwich hill, hurlstone park, burwood, strathfield, concord west. I am bit confused which suburb will be better for investment in long term. any suggestions apart from suburb listed above is welcome.
Also noticed that now a days most of the properties are on Auction, dont understand why. Being new to property investment I am personally not very comfortable buying through Auctions. Can anyone please explain me why there are more auction sell than direct? If I like property but its on auction, what will be the best way to go for it? Should I get some professional help to attend auction for me?
Any suggestions will be greatly appreciated.
Thanks