First Home Buyer Dilemma - Sydney

Hi everyone. I've been reading a lot of Sydney property posts here in Reddit during my Christmas break. I finally created my account today!

I'm having a dilemma as a first home buyer renting in Parramatta right now and planning to buy my first property in Australia. I wanted to stretch my budget a bit and decided to go for a townhouse, instead of apartment. After 5 months of searching in the west (Penrith, St Marys, Kingswood, Blacktown, Marsden Park, Schofields, Riverstone, Box Hill), I finally put an offer on a 4 bedroom townhouse in Box Hill. I'm still under cooling off period which I got extended due to holiday season, and I'm now having nightmares if I made the right choice, if this property will give me good capital appreciation in the future. I took advantage of the buyer's market right now as owner really wants to sell. Also, the property is currently tenanted (lease will end mid 2025), so I'll get a bit of rental income. I took it as I saw that Core logic values it 70k higher than my offer price. My broker also said I'm buying lower than the normal price for a 4BR in Box Hill. I hope I'm not wrong. What's the catch then (if there is)?

Doubts start lingering in my brain now as an over thinker: I noticed there are 2 other 4BR townhouses in the same compound of 59 units (but not all having same layout as mine), which also got sold for same price! I'm thinking now why people are selling in this location? Are they all selling at a loss (as the property I'm looking at was bought by the owner 2 years back for 100k higher than my offer now). I'm still investigating strata issues but I don't see anything major right now. Also, strata fee is $501 per qtr. Building inspection report came normal as well. One agent told me it's because the layout is a bit tight to be a 4BR, compared to other bigger 4BR units in that compound. I honestly don't mind the size as I am single; will live there by myself or potentially rent out 2 rooms for more cash.

The property is a duplex townhouses. They all go in pairs. All brick. Concrete first floor slab (not timber). Two other agents told me it's a bargain for something like Box Hill. But is it really??

In terms of location, there's no nearby train station, but I really need to start driving. It's not in the flooding part of Box Hill (hopefully).

Don't get me wrong I tried other options before (i.e. a house and land Torrens title in Penrith, St Marys, Kingswood, Cambridge Park), but I realised getting a house and land in Sydney with my 800k budget will only give me very Old ones which need major renovation which I cannot afford right now. It will be a sad life going home to a very old house everyday for the next 3 years or so. I tried townhouses in these areas too, but I realised they're not as new and the community seems unsafe (I can't imagine myself going home on a Friday/ Saturday night from city and walking along Queens Street in St Marys).

So the journey led me to Northwest Sydney. It's definitely a safer looking area, more new builds but pricier and oversupplied. But it has growing desirability I think. And fast forward to present, I am in cooling off period for a 4BR townhouse in Box Hill - a bit isolated for now especially for a single like me.

I'm having a dilemma now (which could turn into a buyer's remorse later on lol). What are your thoughts on this? I'm tired of looking. I'm thinking to move on now with this property and focus on my other goals while waiting for this property to appreciate. After all, a townhouse for a first property in Australia might not sound as a bad idea. When I move in by mid 2025, I will rent out other rooms to have more cash. Let the market do its job. I hope I get good equity and cashflow which will equip for another investment property in the future. But what are your thoughts guys?