I only have $100k savings in my bank account, but really want to buy a property that I can move in in a year's time...I am also the first home buyer, but not really interested in buying OTP.
Question is.. what should I do..I want to live close to city (30 mins travel by train is ok for me)
I think I can only afford one bedroom apartment or units...
Oh.. I live in SYD
Advise needed..
Thank you ALL!
I think I might answer the OP
Have you had a look in the western suburbs of Sydney, still some there that will do the job.
Otherwise you can look around the Central Coast or the Blue Mountains, last time I looked there were nice places in Katoomba around the $350k mark but these will go quick now that Badgerys Creek is going to happen.
Don't over analyse, don't buy the first one you look at, just keep attending open houses in areas you can afford and you will find that after a few weeks it starts to make some sense.
Then see a broker, plenty on here, do some sums and away you go