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Thoughts on where I should go

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George93 | 22 Sep 2015, 09:51 PM Agree 0
Im a 22 year old looking to get into property investing. I've managed to save 80k and am ready to make the leap. Im thinking that Ill look to Brisbane and Gold Coast areas, as they are still relatively cheap in comparison to pre GFC prices. I hope to pick up 2 properties worth 250-300k that may rent for at least 300p/w so I can try maintain either neutral or hopefully slightly positive gearing.

Alternatively, i have an opportunity to build in sandy bay in hobart (a very nice suburb) on a block, and spend approximately 400k in doing so, while receiving a 20k FHOG. While this property could rent for 650ish p/w I will have to cover costs while building, and obviously Tas doesn't have the same potential for capital growth.

Does anyone have any opinions on this? Would appreciate any thoughts!
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