Pros and Cons of buying a land in NSW (Austral/Leppington) or House/Unit outside NSW

Hi Seniors,

I am considering to invest 200-300K. The idea is to buy something and hold for next 3-4 years and sell for some good profit. I am considering following options

1) Buy land in NSW (Austral/Leppington).

Below are the details
Land size =~ 320 square meter
Total price =~ 300K ( including development cost (40%) which I can arrange)

2) Another option is to buy a house/Unit outside NSW; either in Brisbane, Adelaide or somewhere else ( pls suggest); I can arrange 170-200K deposit and do not wish to take long term loans ( will prefer which I can pay within 3-3.5years).

I look forward to having your expert opinion and suggestions

PS: I live in Sydney, for option 2, I am not sure if it's convenient or not?

 

I would invest in equities instead
Three to four years is too short for Properties

 

Both options seem like poor ideas for the goal you mentioned. Honestly I'd just go with some term deposits or something. Until you educate yourself a lot more anyway. Otherwise you're probably just as likely to lose money than make any.

Slow down, take your time. If you're serious about property, spend the next few months reading this forum daily imo.

 

Property without gearing makes no sense unless you dont care about growth.

Why is a long term mortgage, generally the lowest rate debt out there, a bad thing to you?