Hello All, I have just now created my account on this Property Chat Forum. Little about myself, my partner and I have been investing in properties, We have 2 investment properties- 1 in Melbourne's southeast suburb and another one in Melbourne's western Suburb. We recently visited Geelong and fell in love with waterfront properties on the eastern beach road and western beach road. Is this a good area to invest? Always wanted to invest in waterfront properties and wondering if Geelong would be a good option. We are looking at our 3rd IP and have a budget of 500-550 K, would a 1/2 bedroom investment along the Geelong waterfront be a good investment. many thanks Krish
I can't help with your area, but welcome to the forum. The only thing I'd say is to avoid a one bedroom place. It limits your pool of tenants too much in my opinion. Even a single or couple would like a spare room for visitors, or storage.
So you are looking at apartments in that price range.... Better off to buy a house or duplex in Rippleside (very nice little pocket, though since the marina went in prices have likely shot up) or even North Shore (older industrial area, but good potential)
Welcome! Lots of great opportunities in Geelong: there are various discussion streams on this forum that can assist. If you can’t inspect properties in person, a buyer’s advocate will ensure you optimise the streets and suburbs to focus on.