Hello forum friends!!
Its been a while, since ive been here but i am back!!
I am now in a position to go again, and along with possibly attempting other strategies, I wanted to do a quick buy/reno/sell.
I have no issue in costing a project but I am finding it a bit frustrating trying to work out the suburb i should attempt this strategy in. ( i am in melb eastern suburbs by the way).
So i first started with median prices in my surrounding suburbs then i looked at how hot or not these suburbs are at the moment. Everything in Mel seems to be hot at the moment unless i go south east to dandenong/hallam/springvale/noble park areas. If i buy in the hot suburbs i run the risk of not making a profit because my in price might be too high, and if i buy in a not so hot then i might not get my sale price!! Argh!!!
So I am curious: anybody who has bought/reno and sold and made a 10% profit, pleeeeeze tell me, how did u narrow your suburb down?
Thanks in advance
Its been a while, since ive been here but i am back!!
I am now in a position to go again, and along with possibly attempting other strategies, I wanted to do a quick buy/reno/sell.
I have no issue in costing a project but I am finding it a bit frustrating trying to work out the suburb i should attempt this strategy in. ( i am in melb eastern suburbs by the way).
So i first started with median prices in my surrounding suburbs then i looked at how hot or not these suburbs are at the moment. Everything in Mel seems to be hot at the moment unless i go south east to dandenong/hallam/springvale/noble park areas. If i buy in the hot suburbs i run the risk of not making a profit because my in price might be too high, and if i buy in a not so hot then i might not get my sale price!! Argh!!!
So I am curious: anybody who has bought/reno and sold and made a 10% profit, pleeeeeze tell me, how did u narrow your suburb down?
Thanks in advance