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Hi jake - answers to your questions 1. Yes 2. Yes 3. 80% 4. Yes 5. $250 6. Used $100k of equity as 20% deposit. Plus am comfortable with interest only payments on a 500k loan. 7. Not much has gone in identifying suburbs. Couple of friends said these suburbs have good growth prospects...

Hi- I am looking at holding the property for 5-7 years or even more. will be looking for capital growth. Definitely not for re-development at this stage. Being my first IP, am struggling to determine the areas to concentrate on. Any advise is appreciated. I live in eastern suburbs and...

Thanks. But thought property close to lynbrook station would be a good buy?

Hi all I am looking at purchasing an investment property with a budget of $450 to $500k. I am considering Lyndhurst, tarneit, Glenroy. Would appreciate if you could advise if the growth prospects in these suburbs are good. Or are there any other suburbs which I should be considering. Thank you