Hi all,
I'm a newbie to property investment and am about to jump in but before I do I'm in search of some sage advice from the Somersoft community.
I'm considering buying an apartment in the Melbourne suburb of Flemington. It ticks plenty of boxes from an investment perspective being in a relatively small block of 16, has a large balcony, large bed rooms and living area, undercover parking, moderate BC fees, plenty of storage space, shops walkable distance away, etc. It, however, has 2 obvious downsides:1. The view from the balcony is pretty ugly - it overlooks some sheds, carports and generally unattractive residential surrounds; and 2. All the windows and the balcony are south facing.
I've attached a few photos taken from the balcony.
Can anyone provide any advice on whether these 2 points are likely to substantially trim capital growth over the long term.
Many thanks!
I'm a newbie to property investment and am about to jump in but before I do I'm in search of some sage advice from the Somersoft community.
I'm considering buying an apartment in the Melbourne suburb of Flemington. It ticks plenty of boxes from an investment perspective being in a relatively small block of 16, has a large balcony, large bed rooms and living area, undercover parking, moderate BC fees, plenty of storage space, shops walkable distance away, etc. It, however, has 2 obvious downsides:1. The view from the balcony is pretty ugly - it overlooks some sheds, carports and generally unattractive residential surrounds; and 2. All the windows and the balcony are south facing.
I've attached a few photos taken from the balcony.
Can anyone provide any advice on whether these 2 points are likely to substantially trim capital growth over the long term.
Many thanks!