Hi,
I am planning to buy my first IP in the coming months. I want to buy in Sydney as I believe it would be too risky to buy your first IP in another city with no experience. My budget is around 400-450k and I am thinking of buying a 2 Br somewhere closer to the CBD rather than somewhere in Penrith. I also want to aim at something better than average in the area so in bad rental market I still have tenants. My aim is to achive good capital gain in the next five years.
What you guys think would be a good suburb to look at given my a bit controversial expectations.
Thanks.
I am planning to buy my first IP in the coming months. I want to buy in Sydney as I believe it would be too risky to buy your first IP in another city with no experience. My budget is around 400-450k and I am thinking of buying a 2 Br somewhere closer to the CBD rather than somewhere in Penrith. I also want to aim at something better than average in the area so in bad rental market I still have tenants. My aim is to achive good capital gain in the next five years.
What you guys think would be a good suburb to look at given my a bit controversial expectations.
Thanks.