best place to buy an investment property $300k, page-31

Hi

I believe that you have to buy reasonable quality when buying real estate. A bit old fashioned but believe Sydney and surrounds are the best long term bet.

However, $300k doesn't buy much and what it does buy certainly ain't quality and not the sort of thing that will weather any ' storm ' in real estate.

Buy quality, fund it well and hang on to it and let time do its job.

' take the risk ' - I would not by anything based on the risk of missing out, particularly in this market.

Sure, real estate is relatively hot at the moment but it is a big risk to commit funds on low quality stock.

If it was me, I would wait, see what happens in the market and educate myself ready to snap up a quality piece.

RE doesn't go up in a linear fashion so I would be saving and gathering knowledge.

Low quality property will not (in my view) help you on a positive financial path.

If I was going to buy my first property with a low budget I would look around Parramatta or Penrith.