Hi all,
I been on here for a while now and managed to buy my first property which is a 3 bedroom house and is currently my PPOR.
While I like the house, I do not really like the area as such. It is in a nice pocket in Melbourner's outer north west suburbs but:
1. Its a bit too far from work
2. Its bit too far from the city
Obviously I dont want to sell my house as it would be fullish.
So I really want to buy another property within 2-3 years once my equity builds up. I am also saving my pennies.
Is it possible for me to buy (once I have enough equity and cash saved up) another property in the southeast of Melbourne (Cheltenham, Highett areas) or even northeast? I know it is, but are my expectations reasonable?
I would like to purchase at least a two bedroom unit, ideally a villa unit with a bit more space than a regular shoe shack unit. then my plan is to move out to this new place and rent out my current house and make it an IP.
Suggestions, advice?
I been on here for a while now and managed to buy my first property which is a 3 bedroom house and is currently my PPOR.
While I like the house, I do not really like the area as such. It is in a nice pocket in Melbourner's outer north west suburbs but:
1. Its a bit too far from work
2. Its bit too far from the city
Obviously I dont want to sell my house as it would be fullish.
So I really want to buy another property within 2-3 years once my equity builds up. I am also saving my pennies.
Is it possible for me to buy (once I have enough equity and cash saved up) another property in the southeast of Melbourne (Cheltenham, Highett areas) or even northeast? I know it is, but are my expectations reasonable?
I would like to purchase at least a two bedroom unit, ideally a villa unit with a bit more space than a regular shoe shack unit. then my plan is to move out to this new place and rent out my current house and make it an IP.
Suggestions, advice?