WTB IP IN SYDNEY SUB $350k

[MitchNik]

Hi Guys,

i am currently looking to buy a 2br unit in Sydney as an IP but im a bit stuck on areas to begin my DD. I have recently bought in Liverpool and i have seen good CG in the last 6 months so i suppose im looking for another Liverpool. This time over i have changed my strategy to buy renovate sell so im looking for something with good CG prospects in the next 24/36 months that also has a reasonable difference in sale price for renovated units.

Has anyone heard of any areas/hotspots to watch?

My budget is $330,000 (also interested in houses for this price)

Thanks

 

[Scott No Mates]

Hi Guys,

My budget is $330,000 (also interested in houses for this price)

Thanks

Are there houses in that price range?

 

[D.T.]

It may have to be west of sydney, aka a state or 2 over.

 

[C-mac]

Hhmmm I think you *might* get lucky in the Campbelltown area of greater Sydney (is it still even part of the city metro limits??). There are some older derelict houses on smaller blocks around the $350K mark in some surrounding suburbs. Probably not much scope to subdivide though, as blocks might be way too small. Some might be granny-flat capable; but the jury is still out on whether this property type would suit your goals...