advice Need to buy a property

Viewing 11 posts - 1 through 11 (of 11 total)

lava
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@lava
Join Date: 2013
Post Count: 5
July 20, 2013 - 11:50 am
Hi!
We are planning to buy a property to live.I'm a mum of 1 month old bub.my husband only working now.our loan amount is 350,000.
I like to buy a property in blacktown or surrounding suburbs.
Which is the best option buying a bedroom unit in blacktown or buying a 3 bedroom villa or townhouse in Moundruit
which is good for the capital growth?
Please give me some advice with in our loan amount
lava
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@lava
Join Date: 2013
Post Count: 5
July 20, 2013 - 12:04 pm
plz help me
TheFinanceShop
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@thefinanceshop
Join Date: 2012
Post Count: 1,271
July 20, 2013 - 11:04 pm
I would take a torrens title villa/townhouse over a unit any day. The other problem I have with units in blacktown is that there is a massive oversupply. Townhouse is a much better option.
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lava
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@lava
Join Date: 2013
Post Count: 5
July 21, 2013 - 5:05 am
Yes I do agree.But getting a Townhouse/Villa on my budget reange is very hard
siewlin
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July 21, 2013 - 6:32 am
hey , are u planing to sell the house in future ? if not then dont worry about the oversupply issue. ;p all the best
TheFinanceShop
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July 21, 2013 - 9:49 am
If your budget is $350k then you should be able to ascertain a TT villa.
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lava
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@lava
Join Date: 2013
Post Count: 5
July 22, 2013 - 4:18 am
TheFinanceShop wrote:
If your budget is $350k then you should be able to ascertain a TT villa.
We tried to buy TT villa.But all the properties in Blacktown is over $350k.
lava
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@lava
Join Date: 2013
Post Count: 5
July 22, 2013 - 4:24 am
siewlin wrote:
hey , are u planing to sell the house in future ? if not then dont worry about the oversupply issue. ;p all the best
We dont hv any plan to sell with in 5yrs.So what do u think it is ok?I shall be thank full if u could advice me on that.bcoz v r the new migrants of this country.we dont hv proper guidence
Jamie Moore
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@jamie-m
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July 22, 2013 - 5:27 am
I'd take Shahin's advice – if you can afford the townhouse over the unit than it will probably make for a better investment over the longer term.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
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Catalyst
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@catalyst
Join Date: 2008
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July 22, 2013 - 6:46 am
Agree with the townhouse, also you will be less likely to outgrow a townhouse (with kids).
Demand in Blacktown/Mt Druitt at the moment is crazy so it will not be easy. Maybe look at surrounding areas also. Eg St Marys.
Good luck.
TheFinanceShop
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July 22, 2013 - 9:38 am
Why not go a bit out and get something like this:
http://www.realestate.com.au/property-acreage+semi+rural-nsw-mount+druitt-114317191
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