Looking for my first IP, have been looking and reading for a long time, spending sub $450k. Am looking in the long term and wanting to to create a portfolio of properties & build up equity.
These three options seem to have stuck with me; can I grab some opinions?
Caroline Springs - 4br home, the suburb has a good vibe about it, prices held fairly firm over the past couple of years.
Melbourne (CBD) - 1br apartment. Obvious reasons, too many new apartments popping up though? Ideally purchase something already leased.
http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/VIC/Melbourne/?adid=2009244964
http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/VIC/Melbourne/?adid=2010256410
Williamstown - 1/2br apartment, not a lot for my price range. Ideally again purchase something already leased.
http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/VIC/Williamstown/?adid=2010245490
These three options seem to have stuck with me; can I grab some opinions?
Caroline Springs - 4br home, the suburb has a good vibe about it, prices held fairly firm over the past couple of years.
Melbourne (CBD) - 1br apartment. Obvious reasons, too many new apartments popping up though? Ideally purchase something already leased.
http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/VIC/Melbourne/?adid=2009244964
http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/VIC/Melbourne/?adid=2010256410
Williamstown - 1/2br apartment, not a lot for my price range. Ideally again purchase something already leased.
http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/VIC/Williamstown/?adid=2010245490