$550,000 purchase price - where would you by right now

Discussion in 'What to buy' started by Jo cook, 23rd Jul, 2021.

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  1. Jo cook

    Jo cook New Member

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    5th Jul, 2021
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    Location:
    Harrington park
    Looking for recomendations on where to buy an investment property for $550,000. I live in Sydney and really priced out of the market there.

    thank you
     
    Jo cook, 23rd Jul, 2021
    #1
  2. samiam

    samiam Well-Known Member

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    Location:
    on my way
    If in NSW, look at outskirts of Newcastle (bolted) or Maitland
    If in Qld, look at Brisbane thread
     
    samiam, 23rd Jul, 2021
    #2
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  3. Jo cook

    Jo cook New Member

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    5th Jul, 2021
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    Location:
    Harrington park
    thank you
     
    Jo cook, 23rd Jul, 2021
    #3
  4. datto

    datto Well-Known Member

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    Mt Druuiitt
    Smack down in the middle of Mt Druitt. If you’re lucky.
     
    datto, 23rd Jul, 2021
    #4
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  5. boganfromlogan

    boganfromlogan Well-Known Member

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    Location:
    Brisbane
    Outer Brisbane is good. Adelaide also.

    I would favour Brissy.
     
    boganfromlogan, 24th Jul, 2021
    #5
  6. Jo cook

    Jo cook New Member

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    Location:
    Harrington park
    Thanks

    Would you buy in Whalan or Tregear. Secondly, would you buy a townhouse ??? A house might just be out of the 550,000 range in these areas
     
    Jo cook, 25th Jul, 2021
    #6
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  7. datto

    datto Well-Known Member

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    I prefer Whalan as it’s closer to the shops and station. A house out there is better than a townhouse (more land) but you might be pushing it getting a house on the money you’re asking. Not impossible mind you.
     
    datto, 25th Jul, 2021
    #7
    Jo cook likes this.