Hi all, i'm looking at buying my first IP shortly.
I have a budget of only around $200,000 and am looking for something in and around Melbourne's sth east suburbs.
I originally had my mind set on a house with good sized land, as that is what generally determines capital growth, however the market at the moment will make this difficult budget wise.
I am now considering a 2 bedroom unit. Suburbs that i have thought about include Boronia, for a few reasons: It's is surrounded by more expensive areas (Wantirna, Ringwood etc) it has a train station in close proximity to a large shopping center which is unusual in the knox district.
I'd appreciate any thought's and opinions!
Thanks
Ben
I have a budget of only around $200,000 and am looking for something in and around Melbourne's sth east suburbs.
I originally had my mind set on a house with good sized land, as that is what generally determines capital growth, however the market at the moment will make this difficult budget wise.
I am now considering a 2 bedroom unit. Suburbs that i have thought about include Boronia, for a few reasons: It's is surrounded by more expensive areas (Wantirna, Ringwood etc) it has a train station in close proximity to a large shopping center which is unusual in the knox district.
I'd appreciate any thought's and opinions!
Thanks
Ben