VIC Help!!

Discussion in 'Where to Buy' started by arorah, 6th Aug, 2017.

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  1. arorah

    arorah Well-Known Member

    Joined:
    18th Sep, 2015
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    VIC
    We have a few suburbs that we are considering at the moment for our 1st IP and it has basically come down to 2 type of choices given limited funds.
    Unit/townhouse in Carrum downs or possibly Broadmeadows/Meadow Heights or a house in Geelong suburbs like Newcomb/Corio/Norlane.
    Would love to hear everyone's thoughts and suggestions.
     
    arorah, 6th Aug, 2017
    #1
  2. Westie

    Westie Well-Known Member

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    19th Jun, 2017
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    1,138
    Location:
    Melbourne
    Geelong any day. Get a block with dev potential, reap rewards in a few years.
     
    Westie, 6th Aug, 2017
    #2
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  3. ashish1137

    ashish1137 Well-Known Member

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    12th Sep, 2015
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    Location:
    Sydney
    Hello Mr. Arora,

    At this point in. cycle, it would make more sense to buy something which you can easily hold and add value in future.

    That strategy can happen in Norlane/ Corio/ Geelong.

    Go to auctions, study the market, dig deep. Know your budget, prepare to stretch if required. Know the rules, bee decisive, quick, buy well and reap the reward.

    Cheers
     
    ashish1137, 7th Aug, 2017
    #3
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  4. arorah

    arorah Well-Known Member

    Joined:
    18th Sep, 2015
    Posts:
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    Location:
    VIC
    Hi,
    Thankyou for your input @ashish1137. Though I am not sure why the assumption about Mr. Arora :)


    Would love to get an insight into holding costs in Geelong suburbs as most of the properties are old and hence cant claim depreciation.
    How is everyone who has an IP in Geelong suburbs, going with cash flows.
    TIA
     
    arorah, 7th Aug, 2017
    #4
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