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  1. M

    Where do I start in Melbourne?

    Yes, I started off looking at those suburbs. Looking at a sale price of minimum 1m. Did a simple mental sum I/O Loan repayment of say 6% @ 60k Rental income of say 2k (conservative side) @ 24k The holding cost is 30 odd k conservatively per year Too expensive to hold till kid is...
  2. M

    Where do I start in Melbourne?

    Yes, looking at state schools
  3. M

    Where do I start in Melbourne?

    Havent spoken to the mortgage broker. Gut feel is around 5 - 6ish. Looking at inner city townhouses- brunswick, clifton hill, North mel, footscray Eastern suburb like ringwood. Sorry that I am all over the place. . Still researching before I can zoom into a specific area. When you...
  4. M

    Where do I start in Melbourne?

    Hi I have been a silent reader for quite a while. My investment aim is to build equity and looking at a time period of 5years. I would like to move into a good school zone area using the equity gained from IP in 5year time. I was told that it's hard to find positive gear properties...
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