NSW 500k investment property in Sydney?

Discussion in 'Where to Buy' started by ZenSapphire, 14th Nov, 2019.

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  1. ZenSapphire

    ZenSapphire Well-Known Member

    Joined:
    18th Oct, 2019
    Posts:
    57
    Location:
    Sydney
    My brothers are considering buying their first investment property in the new year to take advantage of governments offer.

    Where and what would you buy for circa $500k in early 2020?

    Tom is a school teacher in Sydney south west so would like to stay near the area as he likes his 10minute commute to work.

    Jerry works in the CBD and has more flexibility about location.
     
  2. Shaggerr

    Shaggerr Member

    Joined:
    8th Oct, 2019
    Posts:
    12
    Location:
    Wollongong
    Is it going to be an 'investment property' or their principle place of residence (where they live) ?
     
  3. ZenSapphire

    ZenSapphire Well-Known Member

    Joined:
    18th Oct, 2019
    Posts:
    57
    Location:
    Sydney
    PPOR temporarily for main residence exemption and then rent it out.
     

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