Hi,
We are looking at purchasing a unit in Black Rock for around $500,000 on Balcombe Road. We currently have a PPOR in Balnarring and also a small IP in Balnarring (Westernport/Mornington Peninsula). We thought somewhere close to city would be a good investment and we may even move into it a few years down the track and rent out our PPOR here in Balnarring.
We have been looking at houses but they are out of our price range - would a 2 brm unit with a courtyard be a better investment than an apartment? We are looking at suburbs on Beach Road which are quite expensive. Can anyone tell me how Black Rock has done over the years - properties for 500K and under seem to quite rare and seem to be selling very fast so thinking we might have to move quite quickly any thoughts???
Thanks,
Traci
We are looking at purchasing a unit in Black Rock for around $500,000 on Balcombe Road. We currently have a PPOR in Balnarring and also a small IP in Balnarring (Westernport/Mornington Peninsula). We thought somewhere close to city would be a good investment and we may even move into it a few years down the track and rent out our PPOR here in Balnarring.
We have been looking at houses but they are out of our price range - would a 2 brm unit with a courtyard be a better investment than an apartment? We are looking at suburbs on Beach Road which are quite expensive. Can anyone tell me how Black Rock has done over the years - properties for 500K and under seem to quite rare and seem to be selling very fast so thinking we might have to move quite quickly any thoughts???
Thanks,
Traci
