Gday all,
Has anyone got any opinions on the subject suburbs (ie Williamstown, Newport or Yarraville?) We're looking to invest up to 750k in a 3 bed property in one of these suburbs. We'll live in the house for about 18 months and then it will become a rental.
To maximise rental return we're hoping to get something within about 1km of a train station and we're also hoping to try and get something with some land (ie not something that's already been subdivided).
It seems we'll get a better quality property in Newport or Yarraville for the same money as Williamstown but we're a little unsure about the potential for capital gains in the future as well as rental demand.
Anyway, if anyone has any thoughts at all about any of these suburbs we'd love to hear them.
Cheers,
poyner
Has anyone got any opinions on the subject suburbs (ie Williamstown, Newport or Yarraville?) We're looking to invest up to 750k in a 3 bed property in one of these suburbs. We'll live in the house for about 18 months and then it will become a rental.
To maximise rental return we're hoping to get something within about 1km of a train station and we're also hoping to try and get something with some land (ie not something that's already been subdivided).
It seems we'll get a better quality property in Newport or Yarraville for the same money as Williamstown but we're a little unsure about the potential for capital gains in the future as well as rental demand.
Anyway, if anyone has any thoughts at all about any of these suburbs we'd love to hear them.
Cheers,
poyner