Hi there, I'm hoping I could get some educated advice on my next investment move. I'm 33 and I currently own two properties, I live in a duplex in south west Sydney (owner occupied) and also a dual occupancy in the Sunshine Coast. I'm in the process of sorting out my finances and will be ready to make my next purchase in January. I'm working towards financial freedom with passive income from my property portfolio. I'm currently sitting on two options, 2 x dual occupancies North of the Sunshine Coast worth 600k each. 1.2m total. Both have the same outlay, 1 x 4bed 2 bath and 1 x 2bed 1bath. 5 to 6% return. Or 1 x duplex south of Wollongong for 1.2m. Both dwellings 4bed 2bath. Worth about 750k to 800k each once complete (instant equity) with 5 to 6% return. My question is, long term is it better to have the extra property (2 x dual oc projects) or the single duplex option. Both estimated to have the same rental return percentage. Any help will be much appreciated. Thanks
Worth 750 to 800k once complete huh, according to who? The salesman/spruiker? Which location do you think will have better capital growth?
