Hi everyone
I am looking for your advice and hoping you can help me start my journey right as i having been reading listening news look at reports..etc for the last 2 months and i am getting overwhelmed but still not going anywhere right now or and i can’t make a final call on state or region to buy IP in!
I am lock in final state to buy my first investment property max by Jan 2024 ( for my preapproval) where I can ride the capital growth trend so i can leverage from the equity and be able to buy another one after 6 months of settling the first one.
I can’t deny that I am a bit nervous and i am trying to make my absolute best in buying a quality property in the right location when i enter the market , since it my first property purchase so it is going to be the foundation and the first block in my journey toward getting out of the rat race.
I came across a real estate agent who recommended I should be looking for a standalone house in Gladstone coastal city in Gladstone Region, Queensland instead of Perth as investment since it is more affordable and not overly heated atm t so I can ride the capital growth while house are still within $350K to $400K price and in 6 to 8 moths time prices go up by $40k to 50K.
Does anyone have thoughts on Gladstone and the agent’s recommendation ? or if there are other areas that i should consider?
Hi Eliana,
Check out my answer in this topic you started – https://www.propertyinvesting.com/topic/5093458-need-help-13/#post-5093468 – I think you’ll find some interesting thoughts therein….
Benny
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