Hi
I have been a silent reader for quite a while.
My investment aim is to build equity and looking at a time period of 5years.
I would like to move into a good school zone area using the equity gained from IP in 5year time.
I was told that it's hard to find positive gear properties with perspective of equity gain. They are also expensive to hold on to- easily 10k in deficit (before considering any tax benefits)
Which suburbs should I start looking- likely to perform well in 5yrs time, cash flow is slightly negative (preferably neutral)? Or is this just a wishful dream of mine
I have been a silent reader for quite a while.
My investment aim is to build equity and looking at a time period of 5years.
I would like to move into a good school zone area using the equity gained from IP in 5year time.
I was told that it's hard to find positive gear properties with perspective of equity gain. They are also expensive to hold on to- easily 10k in deficit (before considering any tax benefits)
Which suburbs should I start looking- likely to perform well in 5yrs time, cash flow is slightly negative (preferably neutral)? Or is this just a wishful dream of mine