Looking at purchasing IP around $500K - $600K mark...with granny flat if possible...to reduce repayments. Also would like some capital growth when the market decides to pick up. Any thoughts on why Ermington has increased in value so much over the last 3 yrs and whether you believe this will continue? Seems like a pretty big housing commission area and not so aesthetically pleasing...why does it seem to have good CG? am i missing something....?
Also second question....any opinions on whether I should invest in something closer to the city i.e....ermington and surrounds or go out west like Quakers Hill?.....i've always heard closer to the city is the way to go..any truth in this? even though west also increases in value...does it also fall quickest when market has a downturn....
Any thoughts would be great.
Also second question....any opinions on whether I should invest in something closer to the city i.e....ermington and surrounds or go out west like Quakers Hill?.....i've always heard closer to the city is the way to go..any truth in this? even though west also increases in value...does it also fall quickest when market has a downturn....
Any thoughts would be great.