Borrowing capacity is around $1.8m however I wouldn't want to have anywhere near this amount of debt.
I think bugdet wise, I would probably be anywhere from $400-$700k.
What areas would you recommend based on this kind of budget?
Will most likely be purchasing these properties in a trust, giving me the ability to distribute any capital gain (if I sell) and therefore forfeiting any PPOR concession on CGT.
I have no intention of moving. I am just seeking advice as to where to invest.
Howdy all,
I am looking to purchase an investment property in Melbourne - not comfortable with interstate investments.
I wish to keep my deposit at around the $80,000 mark for this purchase. Happy to pay lenders mortgage insurance.
I am primarily focused on capital growth as rental...