Older House vs not quite new Town House (VIC)

Discussion in 'What to buy' started by kmrr, 8th Jun, 2020.

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  1. kmrr

    kmrr Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    267
    Location:
    Melbourne
    Hi All

    I am helping my parents diversify their property portfolio by getting into residential. To date they have only ever invested in commercial properties.

    My father would like something low maintenance. I don't mind putting in a little but of time to tidy the place up cosmetically however.

    For the sake of maintenance would anyone opt for a 'newer' (5yo+) townhouse over an older house? I would like to avoid paying a premium for the shiny new house.

    Budget 1-1.5m for a property in Melbourne. Currently I am looking around Cheltenham and Mentone. Cash flow/yield is much less important than CG, which is the primary consideration for this investment.

    Also, would a pool turn you off a property?
     
    kmrr, 8th Jun, 2020
    #1