I live in Sydney and can’t afford to buy where I want to live. I would like to get some advice on regional areas where I could buy and use the rent to pay off the loan. Where would you recommend and why, thank you?
HI Vicky, I would recommend you speak with a mortgage broker or financial planner about your specific situation so that you can work out a clear budget and your borrowing capacity before thinking about the investment property. Lots of people go the other way trying to find the next hot spot only to find it doesn't fit with their budget or they buy an underperforming property in the next hotspot and are disappointed when it never reaches its full potential.
I would be more than happy to review you situation and then provide some guidance based on your personal circumstances.
Regards Awesome Albert - Awesome Lending Solutions
Vicky hi. I agree with Albert. While a technical analyses could get you into the market as an Investor, it could place your personal objectives, to live in your own home, many years down the track.
If you would like to have a no obligation discussion from a trusted advisor then please give me a call.
Customers First Mortgages & Insurance.
1300 ASK KEN (275 536)
If you would like to talk about your options further in terms of finding a property that meets your goals and objectives I am happy to assist and look at potential property strategies for you.
Our approach is to look at property as a long term strategy and look at your overall situation. My Licensee will assist in finding the property based on your criteria.
If you would like to discuss this further, please contact me on the below details.
Principal Financial Adviser
RP Wealth Management
Level 2, 351 Oran Park Drive, Oran Park 2570
T: 02 9188 1547 M: 0434 502 079
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Furthermore, here's a link to a similar question as you might find some of the answers also helpful.
All the best