Is strathfield (Sydney Australia) a good place to invest in an apartment ?

Question

Any suggestions on good areas to purchase an apartment in Sydney ? What about Pennant Hills, Hornsby, West Ryde ? Are these good booming areas in Sydney

Answer 1

You need to look for a location that has good rental to owner ratio. If an area is full of renters, It will lower the overall value of that community. Look for places that are near boom ares, If you buy just outside a massive growth area, you will be able to ride that boom for longer, than compared to buying in an area that has already flourished.The best tool for investors are products offered by banks called global lines of credit.(GLOC) with this you can make no repayments on an investment(interest capitalise) while isolating, and directing all income streams(Rent recieved, regular repayments, tax deductibility in investment property, stock portfolio) into your owner occupied. The interest will continue to compound on your investment until you have your non tax effective debt down to a low level, or payed off completely. If you buy in a good area, the compounded interest will never exceed the market value of that investment.Good luck.