2 BR vs 3 BR house - Sydney East

Hi, first post just wanted to gauge people's thoughts.

We currently own a 2bedr apartment in Sydney (high rent demand area) which we intend to move out of and buy a 2 bedroom house with the possibility to build up/extend or eventually leverage the equity in a few years (3-5 years away) when we have 2 kids.

I just wanted to gauge people's thoughts On 2 bedroom houses or if we should save a bit more to get a 3 bedroom (intention is to have two kids). In the areas we are looking at (Sydney East eg Maroubra) the gap is quite significant.

Cheers

 

If you can find a rare 2br house at a good price that you can neatly add a 3rd/4th bedroom, that's gold.

 

I would think that your best bet would be either to get some assistance from a buyers agent who could look for something to suit your specific needs or start viewing places and get a feel for whether you think any of the 2 bedroom houses will be able to accommodate a third bedroom in the future.

Will be worth looking into local councils and others people/houses that might have made similar upgrades and get a feel for the hurdles you might come across and also features in properties you should be looking out for.

Quite a bit of homework and plenty of viewings, but there's always a lot of effort required if you want to do it right.

HTH
Sam

 

No hurry.....you will pay in excess of 1.4m in Maroubra for a 2brm house...at the moment...

 

You may have to hunt further south towards Botany/Tempe for a reno job.

 

My grandparents bought their house in Maroubra. It was a very long time ago though! Anyway they added a bedroom and a living room. It cost them $300 to do. My aunt said it was the best investment they made to their house. They use that extra living room as the main area of the house.

I'd avoid Tempe though - aeroplane noise.

 

Have you been to Tempe lately?

That is exactly what they said about Marrickville...the prices in Tempe have mirrored St Peters and Marrickville despite the plan noise.....

 

Still would choose Maroubra over Tempe. And I still feel Maroubra is a bit undervalued.
You can double glaze windows but you can't sit out in a garden or have a conversation outside in Tempe without being interupted by aircraft noise every few minutes. And yes, on our hunt for a home back in 2007/2008 we looked everywhere, including Inner West and Tempe. Liked the Northern Suburbs better. Don't like narrow small streets - hard to navigate cars and too much traffic.

 

...and I'd choose Brisbane over either of those Sydney suburbs...
Hang on...oops..wrong thread

 

Sure would...both are fully priced at the moment.......Brissie's turn now....then Melbourne Outer suburbs, Canberra, Adelaide, Hobart, Perth/NT.....

 

I know the area extremely well Sunjet and its exceedingly hard to find value now. However if you're trading up in the same market it may not be a showstopper to buy (now).

Now's not the worst time to look given sellers are a little more jittery and keen for a sale before the Xmas break.

 

Yep...agree with your assessment...know that areas well also.

Even prices in Malabar and Chiefly are strastrophic......

 

Just looking at auction results this evening for that neck of the woods - some ridiculous prices yet again. I don't know when but it will correct at some point. It has to.