Hi guys,
Wondering what your thoughts are: Sydney, North of the bridge, around Crows Nest, Greenwich, Wollstonecraft is convenient for myself for work. They are very desireable areas, so what I can afford (circa 400k) is very limited. However, I would be able to use it as a PPOR initially (to get my FHOG), with the intention of eventually purchasing a larger PPOR, further out of the city (maybe Central Coast) and holding onto the north shore apartment. This would, of course, depend on my equity in the apartment.
While these north shore suburbs aren't going to provide huge short-term CG, I guess they are fairly low risk areas??
Am I focussing way too much on my own personal convenience? Any reason why some of these suburbs may provide better buys than others? Or is it just a bad idea all together?
Wondering what your thoughts are: Sydney, North of the bridge, around Crows Nest, Greenwich, Wollstonecraft is convenient for myself for work. They are very desireable areas, so what I can afford (circa 400k) is very limited. However, I would be able to use it as a PPOR initially (to get my FHOG), with the intention of eventually purchasing a larger PPOR, further out of the city (maybe Central Coast) and holding onto the north shore apartment. This would, of course, depend on my equity in the apartment.
While these north shore suburbs aren't going to provide huge short-term CG, I guess they are fairly low risk areas??
Am I focussing way too much on my own personal convenience? Any reason why some of these suburbs may provide better buys than others? Or is it just a bad idea all together?