Buying a house which state?

Question

What do you think would be better buying a house in Sydney in an ok location or buying a house in Adelaide in a good location for future investment for similar costs. Because I'm in this situation now I don't know whether to buy in Adelaide or Sydney or Brisbane. Who can I speak to to sort this out a real esate agent or financial adviser. thanks.

Answer 1

SYDNEY - east, south, north regions!!!

i bought a house in Sydney 5 years ago for $400 000 then i sold it for $800 000 great investment :D

Answer 2

Check to see what areas have not gone up much in the last 5-10 years.

Over time all property always rises, but with some downs aswell.  We saw it in the UK, when property dropped about 50% back in the 90's, but then it rebounded.

No one can really be sure about what will happen, but if you can find  a location that hasn't moved upwards much in price, then it stands to reason that it will rise eventually.  But only if it will be an area in demand.

I personally think that Western Sydney has been down in price for too long, but am I prepared to put my money where my mouth is ?  It's a risk, if it is for pure investment purpose.