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From: James Hardy
QUESTION: 400k to invest.
Ideas needed on where we should invest.
Do we buy two IP units in Melbourne which would have to be away from inner city or go for one high value unit closer to the city.
Have found a small 2 bedroom unit in a classic block of 4 on a very good street in bayside suburb close to beach, shops and transport which will go for about 350K.
Only problem is it has low rental return $250 p/w but high capital growth. It was 130k about 5yrs ago.
OR Do we buy a quality 'Queenslander' inner city Brisbane?
So many choices and not sure which way to turn.
Regards
James Hardy
QUESTION: 400k to invest.
Ideas needed on where we should invest.
Do we buy two IP units in Melbourne which would have to be away from inner city or go for one high value unit closer to the city.
Have found a small 2 bedroom unit in a classic block of 4 on a very good street in bayside suburb close to beach, shops and transport which will go for about 350K.
Only problem is it has low rental return $250 p/w but high capital growth. It was 130k about 5yrs ago.
OR Do we buy a quality 'Queenslander' inner city Brisbane?
So many choices and not sure which way to turn.
Regards
James Hardy
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