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Hey guys i am planning to buy my 2nd investment property and i have a budget of 600k. My plan for the 2nd investment property is to buy a 2 bed unit/apartment near the city. Here are the suburbs i considered: Mount/Glen waverley:Good schools,got trains,got good bus lines,however not that close...

your only 19 and ur already buying a house?? wow go rent

The problem is that the house is very old.... But the land is huge (more than 900m2) and they say the estimated weekly rental is only around 360-380 per week....

Ok I will have a look into that. Do you think this is a good investment idea?

thanks for the reply. do you know how much it will cost to knockdown a ~20sq old house? and can you give me some examples for some hidden costs that build up to the 1.9m?

yes, similar double story houses are selling for ~700k in ringwood

Hey guys at the moment i am looking to put it an offer for a property down in ringwood and wondering if you guys can help me out and give me some tips. we are planning to buy a very old 3 bed house in ringwood for ~850k and then do a knockdown and rebuild 3 2-story townhouses(~800k) this will...