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  • Avatar of zakizaki
    Member
    @zaki
    Post count: 5

    Hello All…..

    Been looking at buying an investment property in Sydney

    and have come up with the following locations: Balmain, Wentworthville, Chatswood, Camperdown

    Any thoughts on the above areas or any other areas you think are great spots

    Looking to spend between 300 to 500k on it and then rent it accordingly…..

    Avatar of Scott No MatesScott No Mates
    Member
    @Scott-No-Mates
    Post count: 3,786

    Don't know of any houses in Balmain, Camperdown or Chatswood for that price range, do you mean units? (Even then you'd struggle for anything more than a decent/modern one bedder except at the top end of the price bracket).

    Avatar of zakizaki
    Member
    @zaki
    Post count: 5

    Yep sorry , meant to say Units….new or used

    What do you think of the locations?

    or any others you reccomend?

    Avatar of Scott No MatesScott No Mates
    Member
    @Scott-No-Mates
    Post count: 3,786

    Being a sceptic of median house prices, get hold of a copy of the SMH or other median price guide for 2009. Look for suburbs which had massive rises in median unit prices eg Greenwich. This is not generally indicative of huge cap growth but of recent sales of new units which have skewed the results – 2009 will show a drop in median prices (unless there are other stages/developments to come online this year). Those suburbs which have had big drops have been affected by both the general slowdown and the previous years developments having washed through the stats.

    Avatar of movemysupermovemysuper
    Member
    @movemysuper
    Post count: 2

    the best way to get it done is that incest for your pension and get relaxed about the future.

    Super Funds

    Avatar of Richard TaylorRichard Taylor
    Member
    @Qlds007
    Post count: 11,190

    I hope you mean Invest rather than Incest.

    Richard Taylor | Taylored Financial Solutions I Mortgage Broker
    http://www.tayloredfinancialsolutions.com.au
    Email Me | Phone Me

    Mortgage Brokers specialising in Investor Loans. Request a copy of my API interview 0-40 in a decade

    Avatar of sweeper2009sweeper2009
    Member
    @sweeper2009
    Post count: 22
    Qlds007 wrote:
    I hope you mean Invest rather than Incest.

    i freak out when i saw that 1. lol

    Avatar of Mark.pMark.p
    Member
    @Mark.p
    Post count: 35

    Sorry for bringing the topic back alive… but any thoughts on wentworthvile and surroundings areas e.g westmead and Pendle hill?.

    also does anyone know any area that maybe a good place to start your first investment property? with a price range between $250-$330?

    cheers

    Avatar of Scott No MatesScott No Mates
    Member
    @Scott-No-Mates
    Post count: 3,786

    Mark, units around Penrith tend to be around those numbers, some will be close to CF+

    Avatar of Mark.pMark.p
    Member
    @Mark.p
    Post count: 35

    is anything happenind in penrith? any new devolpment? would it be a good start for an investment property?

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