Hello Everyone, I'm new to the forum and would really appreciate some advice. I have been reading some posts on this forum and they are really informative, thank you all for your contributions. I am currently looking for an IP, after confirming how much the bank will lend me, I am narrowing down my search to something within my budget, which seems to be getting harder as time passes. My budget is approximately $250,000 (including stamp duty). I would prefer a property that needs work, as I can have the property renovated quite easily and would only need to pay for the materials used (extended family are tradies). I am thinking either Corio/Norlane or Melton. I am after long term CG. I am fine with the property being slightly negatively geared. Also, I want to be able to find tenants relatively easy (I would struggle if the property was vacant for 3-4 months at any time). Any suggestions? Which suburb would perform better in the long term? Also, I cant really stretch my budget and I am not looking for any interstate properties. Thank you all very much!