Basically just going through a home loan approval which looks like we should be able to spend around 650k on a home we will live in. Don't want to spend any more than this.
1 dilema I am having is if to buy a larger property in Frankston South, land around 2000sqm. Or buy, in locations like Mentone, Aspendale, Parkdale, Mordialloc or l even Carrum or Patterson lakes.
The big difference is that places like parkdale for thar price you would be looking at townhouses or really small homes.
I like the idea of having big land for the kids to run around on, they love the outdoors. But it is further out and not the best location compared to the other choices.
The main question mark is that there is a possibility we would need to sell in 5 years so if that was the case a little capital gain would be nice. Just not sure which of these home options/locations would perform the best.
Just wondering what people think will rise more in value the larger property in Frankston South or the smaller one closer to CBD.
Can't seem to make up our mind should we chose the nicer property or the nicer location. So the possible capital gain outcome might be the decider.
1 dilema I am having is if to buy a larger property in Frankston South, land around 2000sqm. Or buy, in locations like Mentone, Aspendale, Parkdale, Mordialloc or l even Carrum or Patterson lakes.
The big difference is that places like parkdale for thar price you would be looking at townhouses or really small homes.
I like the idea of having big land for the kids to run around on, they love the outdoors. But it is further out and not the best location compared to the other choices.
The main question mark is that there is a possibility we would need to sell in 5 years so if that was the case a little capital gain would be nice. Just not sure which of these home options/locations would perform the best.
Just wondering what people think will rise more in value the larger property in Frankston South or the smaller one closer to CBD.
Can't seem to make up our mind should we chose the nicer property or the nicer location. So the possible capital gain outcome might be the decider.