Hi All,
At the moment I am looking at 2 very different properties and wanted to get a more experienced investors advice.
Both a very different strategies.
1. A property in yamba worth approx $290k rented for approx $240
2. A property in Sydney worth approx $175 rented for approx $250In Yamba I expect the property to be highly negative geared and hopeffuly there will be high potential capital growth in the area that I can use for equity to keep investing
In Sydney I know I will never have too many vacancy problems, but I dont expect high capital growth, I would say rents would have to increase for this to be a better viable opportunity.
But I do feel less risk with Sydney since I live in the area, and as an early investor the extra money coming in from rent and the smaller loan feels a bit more secure to start with>
Do I take the plunge?? Right now I need to work out my strategy and focus on it. But I am not sure which one?
Any advice is better than none right?
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