Hey guys,
I'm looking for a ppor and obviously capital growth is a priority. I work and live in the city (pyrmont). I own this property as well, and it's at the point where my place is cashflow netral now so I would like to buy a slightly bigger place and get my friend to live with me and pay me some rent.
I've been looking at the mascot, waterloo, alexandria and redfern area and it seems like you can get some fairly new (under 10 years), 2 br, 2 parking and study apartments for sub 800k. Some even have large sunroom areas and are quite large 2 bedders in general. Very close to the station too
Green square is taking off now, and meriton and so forth have many new products coming on to the market now.
Just wondering if you guys think mascot and surrounds would be a good place to get my next ppor, if there are any capital growth potential or do you think with all these new products coming online or due for completion in the next 2-5 years there will be an oversupply which can't be absorbed?
Any thoughts would be greatly appreciated.
Thanks
I'm looking for a ppor and obviously capital growth is a priority. I work and live in the city (pyrmont). I own this property as well, and it's at the point where my place is cashflow netral now so I would like to buy a slightly bigger place and get my friend to live with me and pay me some rent.
I've been looking at the mascot, waterloo, alexandria and redfern area and it seems like you can get some fairly new (under 10 years), 2 br, 2 parking and study apartments for sub 800k. Some even have large sunroom areas and are quite large 2 bedders in general. Very close to the station too
Green square is taking off now, and meriton and so forth have many new products coming on to the market now.
Just wondering if you guys think mascot and surrounds would be a good place to get my next ppor, if there are any capital growth potential or do you think with all these new products coming online or due for completion in the next 2-5 years there will be an oversupply which can't be absorbed?
Any thoughts would be greatly appreciated.
Thanks