Hello all. I've been a bit of a lurker on this forum for a while flitting from topic to topic and I've learnt a little and all your advise has been very interesting to read.
In advance apologies as this topic is going to be very selfish as I really just need to pool all your collective advise to my individual situation.
Special mention to Jake Milne as I've read a number of his posts over various threads and he appears to give quite solid advise.
I would like to buy (first home) in the coming 1-4 months but I am completely torn about what to do.
My dad favours buying a property like this one
http://www.realestate.com.au/property-unit-vic-cheltenham-118057423
Which sold prior to its auction. I inspected it and it was definitely a nice place. My budget in mind is likely no further than about 430,000 AUD however.
Another place/complex I liked but was not at all convinced on the price(s) was Kingston Park Apartments in Highett
http://www.realestate.com.au/project-kingston+park+apartments,+highett-vic-highett-600001963
A 1 bedroom apartment on or near the top floor with an acceptable view over parkland was going for about 485K
My other area of interest has been in the Western Suburbs (Altona+Altona Meadows) as given its proximity to the city, the fact you can get free standing houses that are actually on land and its all still relatively reasonable priced makes me think it has the greater potential.
However I currently live in Edithvale and my parents in Beaumaris and I've always lived in the SE or near surrounds and overall the SE simply has better infrastructure+facilities etc.
I'm looking to get some opinions to guide me to making a better decision than one I would make just by myself or with the limited advice of my dad.
I am curious if people see any value in those Kingston Park Apartments as I do like them. 10 minutes walk to Southland, 10minutes walk the other direction to Highett station.
They've wired the building with Opticomm and had the brains to actually install ducted A/C (small things I know but overall it just speaks to the build intelligence).
Overall I guess my intention is to buy a first home but with the possibility of not always living there in the future and maybe renting it out to somebody else.
Hence why the apartments attract.
But my dad's central argument which he repeats frequently is he has a very dim view of apartments because they do not have their own portion of land.
In the SE I will have to buy an apartment/unit due to price constraints but his line of thinking is that a unit like the one in Cheltenham (linked earlier in the post) is the better way to go as it actually sits on land and an apartment does not.
Its worth noting that the unit in cheltenham is on an 18 unit development with body corporate and it has 1 common wall with another unit.
In short.....educate me please
In advance apologies as this topic is going to be very selfish as I really just need to pool all your collective advise to my individual situation.
Special mention to Jake Milne as I've read a number of his posts over various threads and he appears to give quite solid advise.
I would like to buy (first home) in the coming 1-4 months but I am completely torn about what to do.
My dad favours buying a property like this one
http://www.realestate.com.au/property-unit-vic-cheltenham-118057423
Which sold prior to its auction. I inspected it and it was definitely a nice place. My budget in mind is likely no further than about 430,000 AUD however.
Another place/complex I liked but was not at all convinced on the price(s) was Kingston Park Apartments in Highett
http://www.realestate.com.au/project-kingston+park+apartments,+highett-vic-highett-600001963
A 1 bedroom apartment on or near the top floor with an acceptable view over parkland was going for about 485K
My other area of interest has been in the Western Suburbs (Altona+Altona Meadows) as given its proximity to the city, the fact you can get free standing houses that are actually on land and its all still relatively reasonable priced makes me think it has the greater potential.
However I currently live in Edithvale and my parents in Beaumaris and I've always lived in the SE or near surrounds and overall the SE simply has better infrastructure+facilities etc.
I'm looking to get some opinions to guide me to making a better decision than one I would make just by myself or with the limited advice of my dad.
I am curious if people see any value in those Kingston Park Apartments as I do like them. 10 minutes walk to Southland, 10minutes walk the other direction to Highett station.
They've wired the building with Opticomm and had the brains to actually install ducted A/C (small things I know but overall it just speaks to the build intelligence).
Overall I guess my intention is to buy a first home but with the possibility of not always living there in the future and maybe renting it out to somebody else.
Hence why the apartments attract.
But my dad's central argument which he repeats frequently is he has a very dim view of apartments because they do not have their own portion of land.
In the SE I will have to buy an apartment/unit due to price constraints but his line of thinking is that a unit like the one in Cheltenham (linked earlier in the post) is the better way to go as it actually sits on land and an apartment does not.
Its worth noting that the unit in cheltenham is on an 18 unit development with body corporate and it has 1 common wall with another unit.
In short.....educate me please