Hi All
This is the scenario am currently looking at:
My eldest daughter will be moving to Melb late/early next year with her boyfriend. It will most likely be a permanent move.
Option 1 - buy unit 2 bedder ($450-500K), inner city, we would provide the deposit and they could live/rent it. We love Melb and would plan a couple of trips per year, couple of months each time we visit and stay in the unit.
I am sure my daughter and partner would prefer to live in some trendy inner city area, so would we.
Option 2 - buy a small home 15 km from city, same budget, provides more room/space when we visit.
I understand there is an oversupply of apartments ie Docklands, perhaps this would be suitable because I would pick one up for bargain price at the moment, not too worried about growth at the moment??
Would like some suggestions, areas etc.
I have not checked out prices so not even sure if this price range is realistic at the moment??
Cheers
MTR
This is the scenario am currently looking at:
My eldest daughter will be moving to Melb late/early next year with her boyfriend. It will most likely be a permanent move.
Option 1 - buy unit 2 bedder ($450-500K), inner city, we would provide the deposit and they could live/rent it. We love Melb and would plan a couple of trips per year, couple of months each time we visit and stay in the unit.
I am sure my daughter and partner would prefer to live in some trendy inner city area, so would we.
Option 2 - buy a small home 15 km from city, same budget, provides more room/space when we visit.
I understand there is an oversupply of apartments ie Docklands, perhaps this would be suitable because I would pick one up for bargain price at the moment, not too worried about growth at the moment??
Would like some suggestions, areas etc.
I have not checked out prices so not even sure if this price range is realistic at the moment??
Cheers
MTR