Thoughts on next IP location - Sydney
Hello all,
I'm in the market for my next IP and I'm after some opinions on which suburbs I should be looking at. I have about 350-400k to spend, looking for someplace with land content (either a house, townhouse, villa, etc).
Yields are important (but of course not sacrificing capital growth) as I am negatively geared with my other properties and don't want to hit a serviceability wall.
I've heard great things about Parramatta and Blacktown booming but have also heard concerns from others about the potential capital growth these areas may have (working class tenants, high crime rates). I've also been told to look into areas like the North Shore where the quality of tenants are much better, but I really doubt I'd even be able to afford anything with land content on the north shore.
Thoughts anyone?
Hello all,
I'm in the market for my next IP and I'm after some opinions on which suburbs I should be looking at. I have about 350-400k to spend, looking for someplace with land content (either a house, townhouse, villa, etc).
Yields are important (but of course not sacrificing capital growth) as I am negatively geared with my other properties and don't want to hit a serviceability wall.
I've heard great things about Parramatta and Blacktown booming but have also heard concerns from others about the potential capital growth these areas may have (working class tenants, high crime rates). I've also been told to look into areas like the North Shore where the quality of tenants are much better, but I really doubt I'd even be able to afford anything with land content on the north shore.
Thoughts anyone?
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