Its not as "dodgy" as some other places in Launceston - but its certainly not the best place to live - it has a reserve at the end of the road that probably has a tendency to attract druggos and dealers and stuff, but I figure you keep your head down and get on with life, people are less likely to annoy you
And yes I have insisted on a security system and crim mesh stuff on the windows if we get this place. And we do have a dog, although perhaps we need a bigger dog than a beagle.. LOL
And to give an idea - the more expensive house would be around $260,000 - and the cheaper one around $215,000 - so not a huge amount of difference, but it would be in weekly repayments for us - we could nearly pay double on the cheaper one, plus still go up to Queensland to visit family a few times a year.
Hey mate my sister lives in one of the most expensive suburbs in Brissy and there are still weirdos lurking about IYKWIM.
That's a tough one, the cheaper house means you can visit family which is a huge bonus but you have to feel safe. I guess only you and DH know if you'll feel safe.
Here's an idea, ring your insurance company and ask for an insurance quote for your contents for both suburbs. If the break in / crime rate is higher there will be a big difference in the quotes. Just an idea.
I'd go option 2. That's similar to the scenario we are living in right now - we bought our first home in a slightly dodgy area, but it is a really nice house and was much cheaper. We've been here 3 years, and have made great friends who all live locally (awesome mum's group!), because more and more young families are buying here as its affordable. Apart from the bogan hoons doing donuts in the street at night on the odd weekend, we don't have any complaints...
What would your immediate neighbours be like?? Can you get a sense of that by just looking at their house/yard? Or could you just go and ask them what its like and see if you like them??! We have great neighbours on one side, and dodgy ones on the other, but its mostly ok...
Id go option 2. there are dodgy people everywhere, and drug dealers can probably afford to live in the more expensive areas
Seriously though, it sounds like you could pay a lot more off for mot much $, so save on interest, and make a larger profit in the end.
Ask the real estate person (ask a few) about the appreciation on properties in both suburbs - if the more pricey suburb is going to double in 5 years while the dodgier one only goes up 50K then thats another thing you need to consider.
Opion 2 you will have a better chance of renting it out at a later date than to hope too make money when selling the opion 1... you dont know what the market is going to do, it might drop, you might end up having to spend alot more on renos than you thought...
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