IP with max budget 630k

Discussion in 'Where to Buy' started by jjdkdjdj, 10th Feb, 2021.

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  1. jjdkdjdj

    jjdkdjdj New Member

    Joined:
    10th Feb, 2021
    Posts:
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    Location:
    Sydney
    Hi everyone, I'm currently looking to buy IP with max of 620k budget. Which area should I pick in Sydney, regional NSW and Melbourne? I'm currently looking at Campbelltown area, Wyoming in Central Coast ( A bit of stretch) and outer suburbs in southeast Melbourne. Which one have more potential? Any other areas should I look for with my current budget?
     
    jjdkdjdj, 10th Feb, 2021
    #1
  2. icic

    icic Well-Known Member

    Joined:
    16th Dec, 2016
    Posts:
    1,109
    Location:
    sydney
    @jjdkdjdj not sure about regional NSW, but even Campbelltown is a huge stretch for that budget. If you are open to invest in markets such as Perth, Brisbane or Adelaide, your money will go a lot further and potential for growth percentage-wise will likely to be bigger in the long term.
     
    icic, 11th Feb, 2021
    #2