Buying an Unit in ACT Vs Queanbeyan NSW (Next to ACT)
Last edited 13/02/2018 - 21:08
After several financial crisis due to several miscarriages happened over 3 yrs,we have a baby boy finally and have relocated to ACT where I landed with a better job.
All income is currently relying on myself and this will continue for sometime so waiting 3-4 years would not give us much savings considering unpredictable housing market.
We are looking to purchase an unit or anything but still pulling my hair off whether ACT (Belconnen, Gungahlin or bit north) is a better option than Queanbeyan NSW area
Things to consider (ACT)
Strata+rate : $5,000 up
Land tax (if rented out) : $2,000 up
Size : less than 60sqm
Age of property : less than 20 years
Rent : $300-$350
Others : safe, better infra structure, close to work
Things to consider (NSW)
Strata+rate : around $4,000
Land tax (if rented out) : none for property around 300k
Size : around 80-100 sqm
Age of property : around 50 years
Rent : $250-$320
Others : stamp duty exemption for established property, not safe compared to ACT, housing market is slowing going down at the moment, no predicted future developent
Our max budget is 310K, desired minimum 2 beds room. This will be a place ti live in for 3-5 yrs then we might think of renting it out.
Thank you for your sage advice in advance
1Stay where you are