Hi all, My partner and I have bought a block of land in Cranbourne West near the South East of Melbourne. We are 2 minutes from a freeway, shopping centre and P-12 school are being built on the estate with plenty of amenities nearby. However, we live an hour from our workplace (in the city) and are getting a bit tired of driving to and from (can take up to 2 hours in traffic!). Before we build we would like to know would it be best to build the home of our dreams and live in it or should we build a cheaper home as an investment and then rent towards the city and deal with the traffic pain. Capital Growth is slowing down but we are a little bit puzzled on what to do! We are only 24, engaged and thinking about our future. Thanks all.
A lot of people in your position rent a place closer to your work to live in and invest where they can afford it. Google “rentvesting”.
Not cheap and nasty. You still need to buy an investment property that has good rental demand from tenants and good capital growth. Yes
