How would you invest $1.7m in VIC?
Hi Everyone,
I wanted to get thoughts from the seasoned investors on here regarding Albert Park Vic as an investment from a CG perspective.
I am looking at purchasing period stock around the $1.7m mark with a buy and hold strategy.
Cash flow is not important to me and only seeking CG. I may also move into this property down the track, however would like to treat it as an investment for purchasing purposes rather than a lifestyle decision.
I would also like to avoid land tax implications as I am heavily invested in Victoria. Any suggestions on how I could avoid this? I don't currently have a trust.
Any advice would be much appreciated and keen also get your thoughts on how you would invest $1.7m in a property. Which suburbs? I am also very time poor so not looking for multiunit developments. Cosmetic Reno is ok, however looking for low maintenance options.
Please let me know if you have any questions.
Many thanks
Hi Everyone,
I wanted to get thoughts from the seasoned investors on here regarding Albert Park Vic as an investment from a CG perspective.
I am looking at purchasing period stock around the $1.7m mark with a buy and hold strategy.
Cash flow is not important to me and only seeking CG. I may also move into this property down the track, however would like to treat it as an investment for purchasing purposes rather than a lifestyle decision.
I would also like to avoid land tax implications as I am heavily invested in Victoria. Any suggestions on how I could avoid this? I don't currently have a trust.
Any advice would be much appreciated and keen also get your thoughts on how you would invest $1.7m in a property. Which suburbs? I am also very time poor so not looking for multiunit developments. Cosmetic Reno is ok, however looking for low maintenance options.
Please let me know if you have any questions.
Many thanks
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