Hi All,
Would love to get some advice from you all on my 2nd investment property.
I currently have a 2bedroom semi in Newtown which i think is valued around $650k-$700k and I owe $512k on it.
I washoping to get my next investment property for under $400k and I was hoping to buy another house to save any issues with body corporates etc.
So far I have just bought 2 property reports (NSW and QLD) from Residex, firstly not sure which city Syd or Bris to start looking. I am preffering Syd cause I know it a little better..
Was wondering what you all thought about any of these suburbs : Erskine Park 2759, Hassall Grove 2761, Hinchinbrook 2168, Minchinbury 2770, Oakhurst 2761, Wattle Grove 2173
Also I guess my best bet is to draw as much equity out of Newtownand try and get a loan with 20% deposit on new IP to save getting LMI.
Thoughts anyone?
Ian
Would love to get some advice from you all on my 2nd investment property.
I currently have a 2bedroom semi in Newtown which i think is valued around $650k-$700k and I owe $512k on it.
I washoping to get my next investment property for under $400k and I was hoping to buy another house to save any issues with body corporates etc.
So far I have just bought 2 property reports (NSW and QLD) from Residex, firstly not sure which city Syd or Bris to start looking. I am preffering Syd cause I know it a little better..
Was wondering what you all thought about any of these suburbs : Erskine Park 2759, Hassall Grove 2761, Hinchinbrook 2168, Minchinbury 2770, Oakhurst 2761, Wattle Grove 2173
Also I guess my best bet is to draw as much equity out of Newtownand try and get a loan with 20% deposit on new IP to save getting LMI.
Thoughts anyone?
Ian