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Kingsford is close to everything: Coogee/Maroubra beach, RPW hospital/Syd Children Hospital, UNSW, Centennial Park, and, very important, city. So location wise is very good.
Also Keep in mind it is Eastern suburb, the best area in Syd. Also, compared with Randwick/Kensington/Coogee, kingford is much cheaper. So I believe it has a lot potential in capital gain. No any land is available for release. Finding a tenant is super easy.
Saying that, the unit in Botany st did ask for that much 2-3 years ago. Maybe things change now. Better do your research. You need to look around a few months so you can understand the property market there, then you can take action to buy.
By the way, I bought an investment house in Kingsford 2.5 years ago. New teant moved in on day one. With current interest rate, it cost little from my own pocket. |
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