Hi All,
I'm preparing to purchase an apartment in Melbourne. This will be my first property. Depending on where I can afford to buy I may/may not live in it. Preferably I will be living in it. I was looking at some student accommodation in Carlton, but after reading someone elses post, I'm not so sure about it. Basically I can afford to buy a place for 250-300k. My plan is to use the equity in the property to purchase another and I want to be able to get a decent amount of rent to be able to cover costs. Am I on the right track?
Can anyone give any advice/share experiences in what to watch out for in apartment buying? (in terms of the building itself, hidden costs etc)
Any articles, websites or books would be really helpful too.
Cheers and thanks to anyone that posts some advice, fingers crossed.
I'm preparing to purchase an apartment in Melbourne. This will be my first property. Depending on where I can afford to buy I may/may not live in it. Preferably I will be living in it. I was looking at some student accommodation in Carlton, but after reading someone elses post, I'm not so sure about it. Basically I can afford to buy a place for 250-300k. My plan is to use the equity in the property to purchase another and I want to be able to get a decent amount of rent to be able to cover costs. Am I on the right track?
Can anyone give any advice/share experiences in what to watch out for in apartment buying? (in terms of the building itself, hidden costs etc)
Any articles, websites or books would be really helpful too.
Cheers and thanks to anyone that posts some advice, fingers crossed.