Hi everyone
I am looking to purchase my first property and as I am from Sydney am looking in the area.
I plan on renting out the property for the first 2-3 years and then moving in or selling to upgrade depending on my financial and family position at that time. So I am looking for something with reasonable yield and good prospect of short term capital growth.
Because I work in the city I am trying to look within 15 kms from the city and have been looking in the inner west (north strathfield, marrickville) and lower north shore area (lane cove, artarmon) for a 2 bedroom apartment.
My budget is in the mid 500K mark and I have found that it is increasingly difficult to find property in this range. That meets my criteria.
Would it be better to look further west or south for a house with land in areas such as liverpool, campbelltown, riverstone, penrith and look for better yield, or stick with the search closer to the city or is there another option that is better for my situation?
Thanks in advance for your advice.
I am looking to purchase my first property and as I am from Sydney am looking in the area.
I plan on renting out the property for the first 2-3 years and then moving in or selling to upgrade depending on my financial and family position at that time. So I am looking for something with reasonable yield and good prospect of short term capital growth.
Because I work in the city I am trying to look within 15 kms from the city and have been looking in the inner west (north strathfield, marrickville) and lower north shore area (lane cove, artarmon) for a 2 bedroom apartment.
My budget is in the mid 500K mark and I have found that it is increasingly difficult to find property in this range. That meets my criteria.
Would it be better to look further west or south for a house with land in areas such as liverpool, campbelltown, riverstone, penrith and look for better yield, or stick with the search closer to the city or is there another option that is better for my situation?
Thanks in advance for your advice.