Hi all, I am currently a young single professional looking to buy a place at Victoria instead of paying rent with a budget of $250K.
I am kinda new in the IP scene, currently looking to buy a place and occupy for the next 2-5 years then possibly resell or hold depending on the CG. Currently considering shoebox city pads (1bed or Tiny 2 beds) vs Zone 1 suburb apartment (1bed + carpark) in close proximity to train/tram stations.
Some city shoebox pads 1 or 2beds are going at about 7-8% yield, while suburb apartment probably produce higher resell value. Which option would you recommend as a better suit for my situation?
To all the IP masters out there, your help is much appreciated.
Edit: No longer looking for property to buy with FHoG, since everything new are 400K+ in Zone 1
I am kinda new in the IP scene, currently looking to buy a place and occupy for the next 2-5 years then possibly resell or hold depending on the CG. Currently considering shoebox city pads (1bed or Tiny 2 beds) vs Zone 1 suburb apartment (1bed + carpark) in close proximity to train/tram stations.
Some city shoebox pads 1 or 2beds are going at about 7-8% yield, while suburb apartment probably produce higher resell value. Which option would you recommend as a better suit for my situation?
To all the IP masters out there, your help is much appreciated.
Edit: No longer looking for property to buy with FHoG, since everything new are 400K+ in Zone 1
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