My partner and I are currently living and working in the eastern side of Melbourne and are looking to buy something On the eastern side of town that is worth moving out of our dirty old 1bed/bath apartment in South Yarra for. Eg more space.
We have a pretty conservative budget of $400k (even though the banks with more more money at us). We have so far been looking 2bed 1 bath 1car+ apartments as close to the city as possible but I am open to suggestions. As you can imagine $400k does cut down out options fair bit.
I have started looking further out houses on large blocks with land/ potential for subdivision but I have no idea is this is a good strategy or what areas this would work in.
SO, the question is, what would you buy and where in the eastern suburbs for a PPOR (come future IP) with a budget of +/-$400k?
Thanks in advance,
Curtis
We have a pretty conservative budget of $400k (even though the banks with more more money at us). We have so far been looking 2bed 1 bath 1car+ apartments as close to the city as possible but I am open to suggestions. As you can imagine $400k does cut down out options fair bit.
I have started looking further out houses on large blocks with land/ potential for subdivision but I have no idea is this is a good strategy or what areas this would work in.
SO, the question is, what would you buy and where in the eastern suburbs for a PPOR (come future IP) with a budget of +/-$400k?
Thanks in advance,
Curtis