Hi everyone, I'm currently looking to buy IP with max of 630k budget. Which area should I pick in Sydney, regional NSW and Melbourne? I'm currently looking at Campbelltown area, Wyoming in Central Coast ( A bit of stretch) and outer suburbs in southeast Melbourne (e.g. Dandenong). Which area have more capital growth potential? Any other areas should I look for with my current budget?
Where shall I buy investment property with 630k budget?
Comments
Point Piper
Howdy neighbour
Only if OP is wanting to buy a parking space perhaps
Rushcutters Bay - that's where the true-blue dinky-di countryboy Deputy Premier John Barilaro lives. A true outback lad
600k in any of those areas gets you a 1 room port-a-loo if your lucky - without land.
….without land
So you're talking about floating port-a-loos? :p
Skys the limit
Including or excluding stamp duty and other costs?
excluding all the costs
How about you just bank transfer me, and I will buy it for you.
Christmas island
Nothing with a body corporate please. Please!
I would suggest Bellarine Peninsula area in regional Melbourne. Like St.Leonards. Good ROI. Place would be gold in a few years time.
Nobody knows. Your guess is as good as anyone else's here.
Even the so called experts had no idea. I mean, highly paid property experts who do this for a living at Commonwealth Bank predicted that prices would drop 30% last year.
Queanbeyan - low vacancy rate with high demand plus good capital growth lately.
Why not consider St Mary's?
It will be hot spot in 4 years with new metro station direct to Western Airport.
Price are still reasonable so you can probably get a house with granny flat potential under $600k.
I was looking in St Mary's recently. Went to all the open homes that were listed for 550k. All went for 650+. One even went for 910k. The listings that show sold <600k have been private tender or sold before listing. Methinks dodgy deals with mates.
Liverpool, Doonside, Lakemba
Are you looking for positive or negative gearing (as well as the capital appreciation you hope for)?
That could make a difference to the areas you should consider.The Shoalhaven has suburbs (and listings) that are significantly undervalued for the lifestyle they offer compared to more well known towns in the Shoalhaven.
Geelong
Woop Woop.
DM me. I will let you know one secret.
i would look into these areas in NSW:
Double Bay, Darling Point, Edgecliff, Rushcutters Bay, Point Piper, Bellevue Hill, Dover Heights, Rose Bay North, Vaucluse, Watsons Bay, Hunters Hill, Woolwich, Mosman, Spit Junction, or Northbridge.