Hi Toni,

yes, have considered inner city close to CBD, but I am not wanting to take such a risk, the amount required to purchase there (400,000 – 600,000), for my first venture. Still, am open to review that point of view. Cheers.

Mark

sophieh wrote:

Well then why not invest and stay where you are, have that as your long term goal Ipswich is apparently another area that will be increasing in value over the next couple of years..

Yes, that is the goal…

Ipswich? Any particular area, as it's a rather larger region…almost 3000 properties when including all localities…cheers.

Mark

sophieh wrote:

Could you afford to buy a property in the area you currently live in? If so, I would potentially look at that option.. rather than having to pay rent money. I also look at interest only as a better option that renting aswell, but I would only do interest only if you are quite confident that there is going to be substantial growth – I have one property (live in) that I am converting to IO and will settle next month on another property I have bought that is also IO – both of which are in Frankston Maree_Bradross – I think I know the apartment you have bought, I recall seeing it in my searches – great location across from the beach! I was after one that was advertised for 290-320 and it sold for 330 – also on the nepean!

No, unfortunately, I cannot afford to buy in Kirribilli for the property type similar to the one I live in. We are on the harbour, pool/bbq area and other benefits I mentioned in my original post….ferry is a 20sec walk, one stop to circular quay..10mins to Milsons Point station…8-10mins by car/taxi to the city….15-20mins to Manly etc….wud luv to buy here, though…future plan!

Ok, great…thanx

Want to add, I've recently been considering an IO loan. I realize that this would be riskier and would require probably selling 7-10yrs down the track. Please, thoughts on this as well. Pros/Cons etc. Cheers.

Mark