Hi there,
Newcomer to the forum and to property investing and seeking your input on the following properties?
http://www.realestate.com.au/property-house-vic-west+footscray-114861427
http://www.realestate.com.au/property-townhouse-vic-oakleigh+east-114757775
The Oakleigh East townhouse is 20 minute walk to Monash Uni, close to freeway and main road (Princess Highway), opposite a preschool and 10 minute drive to Chadstone. Would appeal to students and family. Indication of price probably $500K mark. Rental of one of the other townhouses in that block (of 4) is about $470.
Not as familiar with the Footscray West house but a house on the same street (renovated nicely) that was similar sold for $565K - the house on offer is obviously much older and would not fetch that price, I'm hoping that I could get a chance to acquire it aroudn the $450K mark? Rental probably about $350?
I'm more interested in capital gains but at the same time, want to minimise holding costs. What do you think?
Newcomer to the forum and to property investing and seeking your input on the following properties?
http://www.realestate.com.au/property-house-vic-west+footscray-114861427
http://www.realestate.com.au/property-townhouse-vic-oakleigh+east-114757775
The Oakleigh East townhouse is 20 minute walk to Monash Uni, close to freeway and main road (Princess Highway), opposite a preschool and 10 minute drive to Chadstone. Would appeal to students and family. Indication of price probably $500K mark. Rental of one of the other townhouses in that block (of 4) is about $470.
Not as familiar with the Footscray West house but a house on the same street (renovated nicely) that was similar sold for $565K - the house on offer is obviously much older and would not fetch that price, I'm hoping that I could get a chance to acquire it aroudn the $450K mark? Rental probably about $350?
I'm more interested in capital gains but at the same time, want to minimise holding costs. What do you think?