Hey
I'm in a new 'situation'.
Lately I have had my eyes set on south west sydney )St Marys, Mount Druitt, Penrith, Letherbridge park), I've seen a few homes under $250k with good rent returns.
However, I have also been looking at rural acerage 2-3hrs from Sydney near Musswellbrook (mainly on the regional side of Mudgee) and Singleton region. In both regions you can pick up between 5-200 acres for $150k-$250k, with power and water available. Now, I have not yet gone as far as understanding if there will be future potential for subdivision - but basically i'm in the situation of either keeping focus on Sydneys market of blocks under 400sqm with a building or rural acerage with no building.
I buy for the long term to gain, and can service a loan. But i'm caught between where to buy...Sydney....rural acerage...Sydney...rural acerage???
Your thoughts would be appreciated.
Thanks
I'm in a new 'situation'.
Lately I have had my eyes set on south west sydney )St Marys, Mount Druitt, Penrith, Letherbridge park), I've seen a few homes under $250k with good rent returns.
However, I have also been looking at rural acerage 2-3hrs from Sydney near Musswellbrook (mainly on the regional side of Mudgee) and Singleton region. In both regions you can pick up between 5-200 acres for $150k-$250k, with power and water available. Now, I have not yet gone as far as understanding if there will be future potential for subdivision - but basically i'm in the situation of either keeping focus on Sydneys market of blocks under 400sqm with a building or rural acerage with no building.
I buy for the long term to gain, and can service a loan. But i'm caught between where to buy...Sydney....rural acerage...Sydney...rural acerage???
Your thoughts would be appreciated.
Thanks