Hi all,
First time poster but long time lurker on this great forum. Hoping to get some advice from the Perth locals if possible.
I'm looking for a property to renovate in Perth suburbs close to the CBD. I want to renovate (cosmetic) and sell mostly, but keep every second/third one long term.
So far I've mostly looked at villas/units/townhouses in Como, and units in Mt Lawley/Highgate/Maylands. I'm finding it difficult to pin down an area as I'd like to spend enough time on the ground to be very familiar with property values both before and after renos and obviously there's a limit to how many suburbs I can do this with.
Budget is $400,000 but units in Mt Lawley and surrounds are cheaper still and probably (?) easier to renovate.
Can someone offer any advice as to what would be a suitable suburb choice? Are there any figures available anywhere showing the price differential between unrenovated and renovated properties in a suburb?
Cheers
First time poster but long time lurker on this great forum. Hoping to get some advice from the Perth locals if possible.
I'm looking for a property to renovate in Perth suburbs close to the CBD. I want to renovate (cosmetic) and sell mostly, but keep every second/third one long term.
So far I've mostly looked at villas/units/townhouses in Como, and units in Mt Lawley/Highgate/Maylands. I'm finding it difficult to pin down an area as I'd like to spend enough time on the ground to be very familiar with property values both before and after renos and obviously there's a limit to how many suburbs I can do this with.
Budget is $400,000 but units in Mt Lawley and surrounds are cheaper still and probably (?) easier to renovate.
Can someone offer any advice as to what would be a suitable suburb choice? Are there any figures available anywhere showing the price differential between unrenovated and renovated properties in a suburb?
Cheers