Just stuck in two minds whether I should buy my first investment property (house) in Frankston as its still cheap in some parts, and then would subdivide and build another on there. Hopefully get a corner block so I will have two street frontages.
Or I can buy a house in west Melbourne somewhere, was thinking footscray, maidstone, sunshine would be the furthest out.
Just after some advice to what would be more beneficial for me, as my partner and I are only 24 and will have 70k by January for a deposit.
We would still be living at home for another year after we buy one also, and then rent after the year.
The property price we are looking for In the west of Melbourne will be maximum $370ish.. could possibly go to $400k if its a bargain I guess.
But in Frankston, will be looking for around 300-350k max. Then renovate a little bit.
Thanks guys!
Or I can buy a house in west Melbourne somewhere, was thinking footscray, maidstone, sunshine would be the furthest out.
Just after some advice to what would be more beneficial for me, as my partner and I are only 24 and will have 70k by January for a deposit.
We would still be living at home for another year after we buy one also, and then rent after the year.
The property price we are looking for In the west of Melbourne will be maximum $370ish.. could possibly go to $400k if its a bargain I guess.
But in Frankston, will be looking for around 300-350k max. Then renovate a little bit.
Thanks guys!
