Hi All,
I am looking to buy investment property for $300,000(tight budget). I am looking around Epping, Thomastowne, South Morang. In SouthMorang lot of development happening specially units town houses and apartments and I am thinking it's going to over supply in few years time.
I can see few properties in these areas new and old. Buying new property will give some tax benefits, but I don't think I can do anything in the property to increase the property value. Old property I may can do some reno and increase the property value also the rent.
I also thought about Ballarat as well. Buy in reasonable big land and then subdivide in few years.
Any thought/advice on these area.
Thanks
Jayshi
I am looking to buy investment property for $300,000(tight budget). I am looking around Epping, Thomastowne, South Morang. In SouthMorang lot of development happening specially units town houses and apartments and I am thinking it's going to over supply in few years time.
I can see few properties in these areas new and old. Buying new property will give some tax benefits, but I don't think I can do anything in the property to increase the property value. Old property I may can do some reno and increase the property value also the rent.
I also thought about Ballarat as well. Buy in reasonable big land and then subdivide in few years.
Any thought/advice on these area.
Thanks
Jayshi