Do any of you recommend a good suburb (or group of suburbs) in NSW with good growth potential roughly in the range of $500k-$650k? I am thinking somewhere out west, but someone with some insights on this would be good.
Most people think Sydney will be coming off the boil for the next few years after the recent huge spurt in growth (and this has already started happening) – so not necessarily the best time to buy. Same deal for the regionals.
Plenty of other states are performing quite well Qld, Tas and SA.
I wouldn’t invest in Sydney at the moment unless you were looking medium to long term. Obviously depends on your strategy and end goal but if you have your heart set on Sydney you could look at creating boarding house style properties close to universities/job hubs. They are quite hands on projects though.
If you need any help or guidance feel free to send me a PM.