NSW Where to buy with $320k

Discussion in 'Where to Buy' started by PeterL, 23rd Nov, 2016.

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  1. PeterL

    PeterL Member

    Joined:
    23rd Nov, 2016
    Posts:
    15
    Location:
    Canberra
    Hi there,
    I'm a first time investor looking to buy my first investment property. Price range between $300K-$340K. So far the proposed infrastructure in the Central Coast has caught my eye: Gosford, the Entrance, Wyong, etc. Has anyone had experience in these areas? I've also recently thought about Wollongong- but am worried I've missed the boat. Would love the hear thoughts and advice, on these areas- better options. The property will be rented out and I'm looking for capital gains.

    Thank you.
     
  2. Do Androids Dream

    Do Androids Dream Well-Known Member

    Joined:
    6th Jul, 2015
    Posts:
    102
    Location:
    Sydney
    Hi PeterL,

    Welcome to property chat! What's your end goal? What's your strategy?

    Even as a newbie myself, I'm still thinking about these two questions and it's a really good starting point...
     
  3. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    8,847
    Location:
    Adelaide and Gold Coast
    Depends what you're trying to achieve , but prob prefer metro area than country towns
     
  4. PeterL

    PeterL Member

    Joined:
    23rd Nov, 2016
    Posts:
    15
    Location:
    Canberra
    My goal is capital growth- so can't afford anywhere metro Sydney which is why I'm thinking NSW central coast or Wollongong
     
  5. PeterL

    PeterL Member

    Joined:
    23rd Nov, 2016
    Posts:
    15
    Location:
    Canberra
    Hi there, my end goal would be capital to user he property as equity for when I buy another property in 6-7 years.
    Thanks