simonaw replied to the topic New to the game, but keen to get in (investment property) in the forum Help Needed! 11 years, 9 months ago
Hi Shahin,
Since your first reply I have actually started looking at houses too. I guess the type of dwelling will be determined by location i.e. if looking at Western or North West Sydney, I would be looking at a house in an area with good transport and school links.
Am enjoying the can of worms I have opened and the fact I have a lot to learn…[Read more]
simonaw replied to the topic New to the game, but keen to get in (investment property) in the forum Help Needed! 11 years, 9 months ago
Hi JacM,
Am not solely set on the GC at all, it was purely the area that I began looking at to start my research.
I am open to most markets as it would purely be for the purposes of getting in to investing, not to live in. So whether its QLD, NSW, SA etc I am more interested in something that is affordable and has potential growth, potential…[Read more]
simonaw replied to the topic New to the game, but keen to get in (investment property) in the forum Help Needed! 11 years, 9 months ago
Thanks Richard,
Very useful information.
I travel to QLD quite frequently, so am familiar with not just the GC but areas further north. Definitely agree there are a lot of investment opportunities up there.
I guess one thing I am struggling with, is whether it is worth getting into the market at circa $300,000 for an investment property. I have…[Read more]
simonaw replied to the topic New to the game, but keen to get in (investment property) in the forum Help Needed! 11 years, 9 months ago
Thanks RPI
Point noted re units on the Gold Coast.
I have noticed a few well priced houses up there too. So would not be limited to units as the only option for investing. I guess it depends on the specific location as to what is more appealing etc.
Thanks again
simonaw replied to the topic New to the game, but keen to get in (investment property) in the forum Help Needed! 11 years, 9 months ago
Thanks for the reply Shahin,
I guess in terms of long term strategy, the only strategy we have is that we would prefer to build up our investments (property, shares, savings etc) whilst renting in the area we currently live. This is due to not being able to afford the type of dwelling we require in our current location.
We are open to different…[Read more]