Hi all
I'm very new to property investment, and just after some advice for my first investment property. I came across this nice looking Victorian 2Br home in Footscray (Raleigh st) being quoted at $500k+.
http://www.realestate.com.au/property-house-vic-footscray-117675527
Location wise it's very good, being 3 minute walk to a train station, 5 minute walk to Seddon Village and 6km from CBD. Downside is that its located right next to the train tracks.
I know that being close to the train tracks can affect CG and rental income, but based on your experiences, has this been a main deterrent for 1) tenents looking to rent 2) longer term capital growth?
Thanks in advance.
FTO
I'm very new to property investment, and just after some advice for my first investment property. I came across this nice looking Victorian 2Br home in Footscray (Raleigh st) being quoted at $500k+.
http://www.realestate.com.au/property-house-vic-footscray-117675527
Location wise it's very good, being 3 minute walk to a train station, 5 minute walk to Seddon Village and 6km from CBD. Downside is that its located right next to the train tracks.
I know that being close to the train tracks can affect CG and rental income, but based on your experiences, has this been a main deterrent for 1) tenents looking to rent 2) longer term capital growth?
Thanks in advance.
FTO