Hi All Wonderful People,
I have a budget of $650K and would like to buy a 2 BHK 2 Bathroom Apartment in and around Sydney.
I am looking for The SPOT. That could give me rent later once, I decide to upgrade and also Equity when I decide to sell. I am preferring to buy Off the Plan as well, just so I can get it at a cheaper price with some time for more savings.
Please help me out.
Thank you all once again.
Thank you for your response and thoughts.
Damn, five minutes ago you were looking for a place out in the sticks. Glad to see you are doing your research on Australia's premiere Sydney property forum.
What to do! Food for thought, and this Forum helps me for the right thought.
Its a big decision, so trying to get all the Feedback I can.
am looking for The SPOT
Not in shitney your not! 1 Room portaloo costs more than that
This is as close as you'll get
https://www.facebook.com/thespotnightclb/
Can confirm this is The SPOT
Wyndham Vale or Rockbank or Diggers Rest.
Randwick has the spot, but probably not in your price range
Thank you.
Looks like you are just trolling. First Melbourne and then Sydney. Move to Cairns.
No Buddy, just trying to figure out ehat fits my budget.
Try Alice Springs
Be some bargains out there …. some walked away
some beauties in there
magnetic island one looks pretty pimp if your single.
Is 'SPOT' a new property purchasing acronym or is the emphasis on the wrong word?
Cross shopping Sydney and Melbourne real estate… makes sense🤷♀️
Spot the troll.
This guy is all over the shop, an apartment in Sydney CBD to make money, a house in Melbourne in the ghetto to make money.
People stop giving him advice and let him figure it out and pay for the data!
End thread
How much yuan do you have
More like Rupees as OP seems Indian.
Hi Guys,
Is it wrong to ask for suggestion to get insights on various locations, before taking a huge step. Its a big step for me and my family. Hence, I am teying to get the best input, so i can do what is best for my family.
If you guys expexting me to be some rich person who is got all the money, NO I am not. Put yourseleves in the shoes of an average income earning person, who is trying to grow financially and trying to provide.
If you guys find it funny or offensive, i am sorry.
I am just tryimg to do wahts best.
Have you considered Tasmania?
It’s not that we expect you to be some property hot shot who knows exactly where to buy, but are you doing any research yourself. Everything your asking is easy to find:
Crime stats - published by every state and based on area
public Transport - literally go on any transport site and add start to end and it will list the travel time
Parks - look on google maps
Recreational Centres- google maps
Traffic - google maps, change depart time to peak hours
Rental incomes - check real estate or domain
Property Growth - check real estate or domain
Travel - check on google maps nearest freeway
It seems like you “want an easy answer” to property investment when it’s not that easy and requires a bit of homework.
I hope you don’t make a wrong decision and find a good place. In Victoria my last landlord lost $100K on an apartment due to loss in value.. don’t be that person!
Hi Thank you so much for your response. I am, i have been sitting and drawing the information online. I have been researching, reading DCP plans and looking at the Crime Stats. But tbh they differ quite a bit from website to website. Even the equity growth varies. The only reason i am using this forum to pick few answers, cause there would be local residents who can answer from a living perspective, and it does make a difference. I hope you guys understand.
Then do that first before asking such broad questions. First forum post in Melbourne, now Sydney. You're looking for 'the spot' but do you realise that $650k is going to exclude you from the vast majority of postcodes, and will make that decision for you? You're also looking for a unicorn. Capital growth on an apartment? Rental income? That's to say nothing of the many pitfalls of off-the-plan purchase.
You just missed out on a great place in Surry Hills. That place was HOT on the market!
Thank you.
X marks the SPOT.
I'd stay away from Surrey Hills at the moment.
Thank you.
With your budget you can still buy 2BR unit (old) around Kogarah, Carlton, Allawah, Hurstville and surrounding with good local schools for your child(ren). You'll be on T4 train line and express line (limited stop) is available from Hurstville station.
Personally we avoided off the plan building due to numerous reasons, such as quality of the building (we love double bricks building), size (modern design but small), huge strata fee, and not to mention we've seen a lot of our friends' of the plan property are/were behind the schedule by a lot longer.
Older buildings from the 70s-80s offers a generous size of living space even it's only a 2 bedrooms units. Most of them come with extra garage + lock up storage room too. Some of them have been renovated. You just need to be patient waiting until the right unit you like is on the market and carefully inspect the building and the strata report too. Some of them are well maintained, some look run down too.
All the best!
If your looking all over Australia consider maybe not Sydney or Melbourne. They are so far down the list maybe you need to go and explore Australia a bit.
Sydney and Melbourne both suffer from Australia's worst, Shitty Builders Syndrome
I thought that was the case nationally.
Lakemba
THE SPOT? With that criteria? For 2 bed 2 bath? At $650K? In Sydney? Good luck.
You'll probably be looking at Merrylands/Paramatta which are not the most desirable.
Apartments do not build equity unless you're buying in CBD or Bondi/Manly etc areas.