Hi there,
My partner and I are moving back to Melbourne after living overseas. We are planning to buy a lifestyle block (minimum 1.5 acres) and spend a few years renovating and adding value to the property then selling it after about five years (we are buying it to live in and enjoy, but want to also have made some money in the process when we sell down the track). The reason we would sell it is because we don't think the rental returns warrant us keeping it and we already own a property like this in NZ (where we will eventually move to).
Our budget is 800k but we could stretch a little more for the perfect property.
One of our key concerns is that the property is as close to the CBD as possible, ideally no more than 50 min by train, so that my husband can get to work within 1 hour.
Sunbury fits the bill, as does a little past Werribee, but I am not that keen on that direction. Ideally I would have liked to move out east/southeast, but the trip time is simply too long.
Can anyone offer any suggestions/thoughts on these areas, plus some we may have overlooked? Where would you consider if you were in our position?
Many thanks for your thoughts.
My partner and I are moving back to Melbourne after living overseas. We are planning to buy a lifestyle block (minimum 1.5 acres) and spend a few years renovating and adding value to the property then selling it after about five years (we are buying it to live in and enjoy, but want to also have made some money in the process when we sell down the track). The reason we would sell it is because we don't think the rental returns warrant us keeping it and we already own a property like this in NZ (where we will eventually move to).
Our budget is 800k but we could stretch a little more for the perfect property.
One of our key concerns is that the property is as close to the CBD as possible, ideally no more than 50 min by train, so that my husband can get to work within 1 hour.
Sunbury fits the bill, as does a little past Werribee, but I am not that keen on that direction. Ideally I would have liked to move out east/southeast, but the trip time is simply too long.
Can anyone offer any suggestions/thoughts on these areas, plus some we may have overlooked? Where would you consider if you were in our position?
Many thanks for your thoughts.