Hi,
this is my first time post and am throughly confused so I thought I would post a question here.
I am new to the whole property investing and am a fork in my wealth creation strategy.
I am currently living in a unit in Noble Park and am looking for my upgrade. I purchased land in Point cook as it seemed to booming and in my budget. I was planning to keep my existing unit in Noble Park and construct a house. Unit in Noble Park is about 300K, Point cook will come to about 650K with luxurious house.
Now question is do I sell everything land and unit and go to a 'nice' suburb like Balwyn, Kew, Camberwell (I realise these have been driven up by foreign investors), OR do I do a build basic house in point cook and buy another investment property on top OR do i just stick with the original plan.
Any advice would be appreciated and thanks for reading my post!
this is my first time post and am throughly confused so I thought I would post a question here.
I am new to the whole property investing and am a fork in my wealth creation strategy.
I am currently living in a unit in Noble Park and am looking for my upgrade. I purchased land in Point cook as it seemed to booming and in my budget. I was planning to keep my existing unit in Noble Park and construct a house. Unit in Noble Park is about 300K, Point cook will come to about 650K with luxurious house.
Now question is do I sell everything land and unit and go to a 'nice' suburb like Balwyn, Kew, Camberwell (I realise these have been driven up by foreign investors), OR do I do a build basic house in point cook and buy another investment property on top OR do i just stick with the original plan.
Any advice would be appreciated and thanks for reading my post!