I am looking at investing in this block http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/VIC/Carlton/?adid=2010540652
I just wanted to see what the wise people on here think :)
Feel free to reply with a yes/no and why or elaborate if you wish!
I'm looking at buying a 2 bedroom 1 bathroom apartment in Carlton VIC at approximately AUD470k, and I'm looking to rent it out in the short term and owner occupy it in approx 10 years. The size of the apartment is rather smallish - approx. 60 sq metres. Is this a reasonable price to pay...