Hey guys,
I'm a newbie and would love your insight into property investment in melbourne!
I'm 19 (so very new at this) and have a little over $50k in the bank making a little over 30k a year while being a full time student (studying commerce). I'm luckily/unfortunately on a health care card so im exempt from stamp duty. With all that in mind I most likely won't be able to borrow over $300k.
I've mainly looked into the bayside area since I'm from there. But with the amount I have I'd only be able to buy a house down towards Frankston. I don't won't a property with large negative cash flows because I wont be able to maintain it when interest rates increase.
Could you please provide some insight or tips on what I should do being as a young investor?
Thank you!!
I'm a newbie and would love your insight into property investment in melbourne!
I'm 19 (so very new at this) and have a little over $50k in the bank making a little over 30k a year while being a full time student (studying commerce). I'm luckily/unfortunately on a health care card so im exempt from stamp duty. With all that in mind I most likely won't be able to borrow over $300k.
I've mainly looked into the bayside area since I'm from there. But with the amount I have I'd only be able to buy a house down towards Frankston. I don't won't a property with large negative cash flows because I wont be able to maintain it when interest rates increase.
Could you please provide some insight or tips on what I should do being as a young investor?
Thank you!!