Hi there,
I am about to add to my portfolio (see my Target 2020 thread). I am looking for capital growth so I can move into an active ramp up phase. I basically need to add 2 properties per year for the next 6 years, to my portfolio of 8 investments already. I am looking for 20 properties in the year 2020, hopefully with net equity position circa $3-4 Million. Then I get to do what I want to do!
I am in Victoria, and all my properties are located here too. They are all houses either in major regional or south eastern suburb areas. I need some serious capital growth, and I don't think it would hurt to diversify.
I'm thinking apartments/units in an inner location. I've got circa $450K to buy one now, and will have circa $450K to buy another one mid year. This is actually the most I have ever spent on a single property!
Doing research, I really like South Yarra, Hawthorn and Elwood as a location, and as possible capital growth spots going forward through 2020. I was interested what you might do with the above goals, and the above budget?
So, I would look to spend on 2 apartments, 2 bedrooms, 1 bath + car park, in either of South Yarra, Hawthorn or Elwood. They would need to be boutique (less than 18 apartments), on a quiet street, have a car park, have some form of outdoor space, be under the median price for that suburb on purchase and be in a building of character preferably (not a pooh brown box!).
Your thoughts would be appreciated!
I am about to add to my portfolio (see my Target 2020 thread). I am looking for capital growth so I can move into an active ramp up phase. I basically need to add 2 properties per year for the next 6 years, to my portfolio of 8 investments already. I am looking for 20 properties in the year 2020, hopefully with net equity position circa $3-4 Million. Then I get to do what I want to do!
I am in Victoria, and all my properties are located here too. They are all houses either in major regional or south eastern suburb areas. I need some serious capital growth, and I don't think it would hurt to diversify.
I'm thinking apartments/units in an inner location. I've got circa $450K to buy one now, and will have circa $450K to buy another one mid year. This is actually the most I have ever spent on a single property!
Doing research, I really like South Yarra, Hawthorn and Elwood as a location, and as possible capital growth spots going forward through 2020. I was interested what you might do with the above goals, and the above budget?
So, I would look to spend on 2 apartments, 2 bedrooms, 1 bath + car park, in either of South Yarra, Hawthorn or Elwood. They would need to be boutique (less than 18 apartments), on a quiet street, have a car park, have some form of outdoor space, be under the median price for that suburb on purchase and be in a building of character preferably (not a pooh brown box!).
Your thoughts would be appreciated!