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Hi all,
I am wondering which of the following investment would be the better for me living in Sydney.

Due to my housing unaffordability in Sydney, I recently looked around with my hard earned savings of 40G.
Bank will lend me up to 200G. I liked a 3 bedroom GRAND brick house in Orange(Inland), 5 and 1/2 hrs driving from Sydney, for $160,000. and a 3 bedroom BASIC brick house in Raymond Terrace (near Central coast) for $235,000, 2 hrs driving from Sydney.
I can afford both, but the former’s distance from Sydney concerns me, and but the latter makes me borrow a lot but has yieled good capital gain in the past(Its a house bought for 90,000 two years ago by the current vendor asking 235G)

I am a middle aged single mum earning upper 40G. Nothing else to resort to, but to my own health and intelligence to get by the loan called mortgage.

Anyone has wise advice for me?
May

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