I've been reading through the pages of threads on Docklands Vic, I've noticed there's quite a few properties around the $500k mark that are somewhat targeted towards investors (Chinese investors perhaps???). The first listed appears to be rented for $520pw (no mention of this being a Quest apartment), IMHO this seems to be a fairly good gross return. Is this 673 - 675 Latrobe st the potential 'ghetto' area people are referring to? There also appears to be quite a few apartments in the same complex which concerns me.
Looking for first property to build up equity & CG. Opinions?
http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/VIC/Docklands/?adid=2009935894
Others in same location;
http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/VIC/Docklands/?adid=2010265337
http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/VIC/Docklands/?adid=2010308228
http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/VIC/Docklands/?adid=2009597850
Looking for first property to build up equity & CG. Opinions?
http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/VIC/Docklands/?adid=2009935894
Others in same location;
http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/VIC/Docklands/?adid=2010265337
http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/VIC/Docklands/?adid=2010308228
http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/VIC/Docklands/?adid=2009597850