Good evening all,
I am not entirely new to property investing as I have 2 properties in Mildura. I am currently renting in a south eastern suburb of melbourne and am 95% sure I am attending a university in footscray and therefore need to relocate. Rather then renting a 1BR apartment in footscray I am contemplating selling one of my houses in Mildura and buying my own apartment either right in footscray or in a nearby suburb.
The rental yield on my two properties in Mildura I very good, but the capital growth in the area is non-existent. Eventually I would like to purchase property in Melbourne anyway as it has good capital growth and this might just be the time.
Basically In my effort to research footscray and close surrounding suburbs I thought it would be a good idea to ask anyone on this forum if they know the footscray area well and could give me any helpful information, or even who might already be an investor in that area.
Cheers
Luke
I am not entirely new to property investing as I have 2 properties in Mildura. I am currently renting in a south eastern suburb of melbourne and am 95% sure I am attending a university in footscray and therefore need to relocate. Rather then renting a 1BR apartment in footscray I am contemplating selling one of my houses in Mildura and buying my own apartment either right in footscray or in a nearby suburb.
The rental yield on my two properties in Mildura I very good, but the capital growth in the area is non-existent. Eventually I would like to purchase property in Melbourne anyway as it has good capital growth and this might just be the time.
Basically In my effort to research footscray and close surrounding suburbs I thought it would be a good idea to ask anyone on this forum if they know the footscray area well and could give me any helpful information, or even who might already be an investor in that area.
Cheers
Luke