blueballs ......as much as I hate to say it...cash in the bank is a good place to park some cash at the moment....while waiting for opportunistic deals.
Sydney.
I have done some searching and due diligence on the top ryde shopp centre and I think a unit above the shops might be a sound investment.
Apart from that......I prefer Woolongong and Central Coast as the population gets more mature "older" they move to these types of areas which sends a lot of them out of perhaps sydney itself...as has ben evedent in the past 12-18 months... an into semi retirement, country like cities with good facilities.
Still a tad hesitant about Sydney. although I do have a couple of places at Mona Vale and Balmain.....I just cant see the market accepting 10-15% gains again for quite some time.
Long tem inner city will always do well...so if you have a long term view great....otherwise wack it in the bank or look for cheaper suburbs close to city in different states, Adelaide and Brisbane are my picks......with Melbourne a consideration.
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