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Have spent some time looking at various properties in Kensington to buy as an IP and am more confused than ever. Top choices so far are Altona st apartment, these seem to be selling in record speed. For 450K you can get rent of about 390/wk. Thought the park was actually a bonus and all the...

Have spent some time looking at various properties in Kensington to buy as an IP and am more confused than ever. Top choices so far are Altona st apartment, these seem to be selling in record speed. For 450K you can get rent of about 390/wk. Thought the park was actually a bonus and all the...

Can you tell me why you think buying off the plans is not the way to go? We are looking at a couple of possibilities in Nth Melbourne or Kensington and some of those include OTP.

Actually, we do have a couple to look at in Nth Melbourne, although you are right in thinking there is not much in our price range. It was interesting to read that the rent could be higher here as I thought they would be very similar.

Thanks for all the advice - definitely to be taken into consideration. One of the agents is very keen to show us a townhouse in Oak Park, apparently just near the Tullamarine exit. This is in our price range and he believes you could get a good rent but is this a good area and how do you think...

There seems to be a lot for sale on Altona Rd - is this in the area that you would avoid and described as the slums? If we can't find anything we will certainly look in Flemington and we would also like to look in Nth Melbourne, although it may be out of our price range.

We are looking at buying an IP in Kensington and have several on our shortlist. Is there a "good" and "bad" part to this suburb. That is, should we be avoiding any particular area and favouring another. We are not familiar with the suburb and would appreciate any input. We are looking at...

Thanks , still looking into whether Auckland or Wellington would be a better choice but that info was very helpful. I have found a N.Z. forum and will ask advice on that also.

Am interested in anyone's opinion on the idea of buying an investment property in N.Z. My husband is a Kiwi ,who is now living in Australia but we have some money to invest. This money is in $N.Z. and is currently in a foreign account earning interest. We could use this money and invest in...