Id go for the 1 BR. Roommates are good for 6 months if you like them. After that it gets stressful, no matter who you are. It'd be difficult to have to rely on roommates indefinitely to ensure the mortgage is payed.
Also, as we all know logistics is king.
What I would do is this: buy an old 1 BR apartment in a good area and take a loan out that includes buying materials for fixing it up. You can probably put all hardwood (or laminate budget dependent) floors in for 5-15k A modern kitchen for 5-10, and paint the walls for a couple hundred.
Of course all that depends on how handy you are and how much time you have, but if you do it that way you're immediately sitting on something that's worth quite a bit more than you paid for it and you'll be under budget.
Also I'm not sure about the Sydney market, but I know in any market someone (read: wife nagging husband to buy her a better place) will gladly pay an extra 15-20% (or more) for a place that comes brand new, no hassle, no work.
Also, as we all know logistics is king.
What I would do is this: buy an old 1 BR apartment in a good area and take a loan out that includes buying materials for fixing it up. You can probably put all hardwood (or laminate budget dependent) floors in for 5-15k A modern kitchen for 5-10, and paint the walls for a couple hundred.
Of course all that depends on how handy you are and how much time you have, but if you do it that way you're immediately sitting on something that's worth quite a bit more than you paid for it and you'll be under budget.
Also I'm not sure about the Sydney market, but I know in any market someone (read: wife nagging husband to buy her a better place) will gladly pay an extra 15-20% (or more) for a place that comes brand new, no hassle, no work.