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If you were looking to buy and hold for the long term with the possibility of some minor renno required , where would you spend 200K on an IP?
If I was living in the ACT, I definitely would not be looking interstate. The logistics to organise and monitor the renovation work will be challenging...
BTW, what sort of answer were you hoping for? You are going to get a myriad of suburbs in these responses.
Newbie,
If I was living in ACT I would be looking at Queanbeyan.
Cheers
Thanks for your response! Not much to look at there for less than 200k IMHO. Would you even give it a second glance if you were not liviing in the ACT?
Anyone got any comments to add about Melton VIC?
Interesting thread this one. It would be great if posters stated why (from a property investors perspective) they would park $200k in the areas they have posted.
Would educate us all.
That was the idea Where and Why?
Search and Read the two threads on Melton & Elizabeth (Adelaide) in SS forum for all the information, .... all will be revealed, you just have to look.
Plus you could always take the suggested suburbs and do your own research like most of us have had to do.
Martin
As I have already said I am not really even in the market for an IP right now. What I am doing is learning a lot about the thought processes of those who are more experienced than me from reading about what they do and how they do it. And as I have already said I really appreciate all of their responses.
That's your opinon Martin and you are entitled to it.
As I have already said I am not really even in the market for an IP right now. What I am doing is learning a lot about the thought processes of those who are more experienced than me from reading about what they do and how they do it. And as I have already said I really appreciate all of their responses.
Thankfully for us newbies people such as yourself are in the minority here.
If you were looking to buy and hold for the long term with the possibility of some minor renno required , where would you spend 200K on an IP?