A
Anonymous
Guest
From: Anonymous
Evening all,
Having stumbled across this site about a month back and in indulging myself in the depth of info here, I've decided to come out of hiding and contribute to the discussion.
I'm currently looking around for my second IP and it looks as though it's going to be a close race between somewhere in Melbourne and the surfcoast of Vic i.e somewhere between Torquay through to Wye river.
My current position is that I'm working in the US earning the almightly greenback and will be for a couple of more years before returning home to Vic. I'd be putting down a sizeable deposit on this property to limit my exposure to interest etc etc.
My question is what are peoples thoughts in relation to growth in comparison to one another? Having done some research online and comparing prices along the coast with a 10k radius of Melbourne, there appears to be very little in it.
My impressions and thoughts were that there is x amount of land along the coast and it isn't going to increase due to being hemmed in by the mountains/hills and state forrest and therefore presents a great opportunity for growth in the next 5 - 10 years although it has already enjoyed considerable growth already in the last 12 - 18 months.
Has anyone else done/looked into property in this area??
cheers,
Jules
"Do or Do Not...there is no try" - Yoda
Evening all,
Having stumbled across this site about a month back and in indulging myself in the depth of info here, I've decided to come out of hiding and contribute to the discussion.
I'm currently looking around for my second IP and it looks as though it's going to be a close race between somewhere in Melbourne and the surfcoast of Vic i.e somewhere between Torquay through to Wye river.
My current position is that I'm working in the US earning the almightly greenback and will be for a couple of more years before returning home to Vic. I'd be putting down a sizeable deposit on this property to limit my exposure to interest etc etc.
My question is what are peoples thoughts in relation to growth in comparison to one another? Having done some research online and comparing prices along the coast with a 10k radius of Melbourne, there appears to be very little in it.
My impressions and thoughts were that there is x amount of land along the coast and it isn't going to increase due to being hemmed in by the mountains/hills and state forrest and therefore presents a great opportunity for growth in the next 5 - 10 years although it has already enjoyed considerable growth already in the last 12 - 18 months.
Has anyone else done/looked into property in this area??
cheers,
Jules
"Do or Do Not...there is no try" - Yoda
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