1 million to invest 44yo male looking at a growth strategy in property in melb

Hi all,
44yo male no dependents.
Just sold PPOR hence cash.
Zero debt.
Work as a construction project manager pays payg 100k pa gross
Additional income 45k gross pa army pension for life.
Looking for a property growth investment strategy for next 50 years.
Melbourne based. experience buying and selling property. but I’m a builder not so much a finance strategy person. So looking to bring this area up before this settles.
Need advice on strategy for assembling loans and borrowing strategy.
Thanks a lot

 

Idk about the Melbourne timing atm.
Its going down I think.

 

Hi BigDec, I would suggest starting by having a chat with a good mortgage broker - there are many who contribute to PC.

A 50 year time horizon is a good idea, but you have to tackle it one property at a time. It's ultimately a game of credit and finance. So chat to a broker, and start that process first methinks.

Good luck.

 

Thanks John I’ll get that happening thanks for the comment mate

 

I'd also suggest a mortgage broker. Pick one from here. Most of them know more than an average broker as they deal with lots of investors.