Hi all,
Have just joined this forum in hope of some input from those more experianced in melbournes property market than me.
I am looking at purchasing and investment property in melbourne... To date i have been looking around western melbourne i.e seddon, yarraville, newport, foots.. But have heard things that frankston / seaford area also presents good investment prospects.
I have $100k deposit (growing by the month) salary of 85k pa which is due to steadily increase pa. I have spoken to a few banks and currently i think my upper limit is 600k, 550k more comfortable i think.
So what do ppl think... If i purchased in seddon for example, it would be a victorian / edwardian style house . Which location would i most likely get better rental gains and long term capital gains? I see seddon as a more 'safer' bet given its proximaty to the cbd
Thanks - appreciate any input.
Have just joined this forum in hope of some input from those more experianced in melbournes property market than me.
I am looking at purchasing and investment property in melbourne... To date i have been looking around western melbourne i.e seddon, yarraville, newport, foots.. But have heard things that frankston / seaford area also presents good investment prospects.
I have $100k deposit (growing by the month) salary of 85k pa which is due to steadily increase pa. I have spoken to a few banks and currently i think my upper limit is 600k, 550k more comfortable i think.
So what do ppl think... If i purchased in seddon for example, it would be a victorian / edwardian style house . Which location would i most likely get better rental gains and long term capital gains? I see seddon as a more 'safer' bet given its proximaty to the cbd
Thanks - appreciate any input.