1.1m for an investment property in Melbourne's south east suburbs, any suggestions?

Discussion in 'Where to Buy' started by JoleneS, 18th Mar, 2021.

Join Australia's most dynamic and respected property investment community
Tags:
?

where to invest

  1. affordable house

    4 vote(s)
    66.7%

  2. townhouses/units in nicer suburbs

    2 vote(s)
    33.3%
  1. JoleneS

    JoleneS New Member

    Joined:
    18th Mar, 2021
    Posts:
    1
    Location:
    Dingley village
    Personally I prefer to buy a house, I was looking around bentleigh, bentleigh east then mentone, parkdale, cheltenham, however iI just found it is quite difficult to buy a property in these suburbs...any suggestions?
    I actually not quite sure whether to buy a house in an affordable area, or to consider townhouses/units in other suburbs which might be closer to the city or has other pros.

    any suggestions on suburbs that worth to look into?
     
    JoleneS, 18th Mar, 2021
    #1
  2. kmrr

    kmrr Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    267
    Location:
    Melbourne
    head says nicer suburbs, heart says house. voted nicer suburbs. probably the less risky play.
     
    kmrr, 19th Mar, 2021
    #2
  3. Momentum

    Momentum Well-Known Member

    Joined:
    19th Aug, 2015
    Posts:
    1,123
    Location:
    Collins St, Melbourne
    I would buy a period style terrace house in Brunswick
     
    Momentum, 19th Mar, 2021
    #3
  4. Harris

    Harris Well-Known Member

    Joined:
    16th Jun, 2018
    Posts:
    940
    Location:
    Melbourne
    As an investment play:

    Def buy a house in metro outer suburbs with significant land component and as closer to a 4%-5% yield as possible! Over any 10 year period, the movement in values will be similar between affordable and inner (premium) but you get higher rental yield which is great for serviceability and the ability to compound future growth through sub division. That was my strategy of choice when I started and the fundamentals haven't changed since then.
     
    Harris, 19th Mar, 2021
    #4
  5. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,527
    Location:
    Melbourne
    The Y-man, 19th Mar, 2021
    #5
    Harris likes this.
  6. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,527
    Location:
    Melbourne
    The Y-man, 19th Mar, 2021
    #6
    Harris likes this.
  7. Harris

    Harris Well-Known Member

    Joined:
    16th Jun, 2018
    Posts:
    940
    Location:
    Melbourne
    Harris, 19th Mar, 2021
    #7
  8. Hamlet5

    Hamlet5 Active Member

    Joined:
    14th Jan, 2021
    Posts:
    36
    Location:
    Melbourne
    Sorry for the noob question, but what is 'positive cf'?
     
    Hamlet5, 20th Mar, 2021
    #8
  9. DaAsianInvestor

    DaAsianInvestor Active Member

    Joined:
    23rd Jan, 2021
    Posts:
    28
    Location:
    Brisbane, Queensland
    Positive CF = Positive Cash Flow
     
    DaAsianInvestor, 20th Mar, 2021
    #9
    Hamlet5 likes this.
Accountants - Washington Brown Values Your Time