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First investment location

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BOBOIR | 21 Jul 2015, 03:44 PM Agree 0
Hi All,

I am looking to buy an investment property soon, with the larger plan to buy more properties and grow a portfolio with time. I am renting in central Sydney and the market here is out of my reach. I am realistically looking to get a loan for about 500k. I have been scanning the market and trying to educate myself on all aspects of investments. The standard answer is a 2 bedroom place near transport etc etc. I would need to get somewhere out west like Parramatta with the available funds. Other ideas are north south coast, like Wollongong, Shellharbour etc. Looks like there could be some good growth there on the back of the recent rises in Sydney prices.

I know its a bit of crystal ball exercise but throwing it out there if you had 500k where would you buy? I would like to see good capital growth and not be too out of pocket at the end of the month from rent.

Thanks

Boboir
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