Hi all,
New to the forums, and a noob in regards to property investment lol.
Just needing some advice or to be pointed in the right direction as to where I can do some homework. My partner and I are 29 and are finally in a poisition to enter the market. We are looking to purchase an apartment as a PPOR in inner suburbs of Melbourne (South Yarra, Prahran, St Kilda East or Toorak) but are not sure which suburb would be best to purchase in based on what stage of the cycle they're in, which will be best for long term captial growth, and best yields.
The apartment will be our PPOR for 2-3 years then a long term IP after I finish my studies and we are able to purchase something with more space.
Just wanting some thoughts on these areas? Is it a good/bad time for particular suburbs and where is the best place/resource I could use to help make the right decision.
Thanks for the help!
New to the forums, and a noob in regards to property investment lol.
Just needing some advice or to be pointed in the right direction as to where I can do some homework. My partner and I are 29 and are finally in a poisition to enter the market. We are looking to purchase an apartment as a PPOR in inner suburbs of Melbourne (South Yarra, Prahran, St Kilda East or Toorak) but are not sure which suburb would be best to purchase in based on what stage of the cycle they're in, which will be best for long term captial growth, and best yields.
The apartment will be our PPOR for 2-3 years then a long term IP after I finish my studies and we are able to purchase something with more space.
Just wanting some thoughts on these areas? Is it a good/bad time for particular suburbs and where is the best place/resource I could use to help make the right decision.
Thanks for the help!