Hi SS-ers,
2014 been a great year for all of us
I am planning to purchase another IP in Sydney this year. By popular belief, it has been known that Sydney is at the end of its cycle. Some people have been suggesting Brisbane and the word has becoming more and more hotter since last year. However, I felt more comfortable to grow my investment in the place that I am familiar with.
There are few options that I can think of for me to invest at the moment. My budget limit is around 700k. I am looking to invest in a non-unit property type since my first IP was a unit.
My overall strategy is to buy and hold as many as I can, then reap within 5 - 10 years.
I started to look around, price seemed to be over my limit. The areas that I can think of are : Toongabie, Black Town, Quakers Hill, Merrylands, Holsworthy, The Ponds, Stanhope Garden(these ones are over my budgets : Kellyville, Castle Hill)
What is your opinion about Sydney market at this stage? Any suggestion on my plan? Any better advice in regards to the property location?
Alternatively, any thought on investing in more units rather than house?
2014 been a great year for all of us
I am planning to purchase another IP in Sydney this year. By popular belief, it has been known that Sydney is at the end of its cycle. Some people have been suggesting Brisbane and the word has becoming more and more hotter since last year. However, I felt more comfortable to grow my investment in the place that I am familiar with.
There are few options that I can think of for me to invest at the moment. My budget limit is around 700k. I am looking to invest in a non-unit property type since my first IP was a unit.
My overall strategy is to buy and hold as many as I can, then reap within 5 - 10 years.
I started to look around, price seemed to be over my limit. The areas that I can think of are : Toongabie, Black Town, Quakers Hill, Merrylands, Holsworthy, The Ponds, Stanhope Garden(these ones are over my budgets : Kellyville, Castle Hill)
What is your opinion about Sydney market at this stage? Any suggestion on my plan? Any better advice in regards to the property location?
Alternatively, any thought on investing in more units rather than house?