Hi, I’m looking to buy my next investment property as soon as the the COVID19’ dust settles a bit, hopefully by early next year. I already own an apartment in Thornbury. My plan was to buy a little house in inner Melbourne (Prahran, Carlton, Northcote, St Kilda, etc). I’m a FIFO worker so I don’t need accommodation for myself. I’m 33 years old. My price range is 800-900k. As the suburbs I’m looking into are expensive the only houses I can afford have a very small land component ( around 110 m2). Examples below. https://www.realestate.com.au/property-house-vic-windsor-133315478 23 Bath Street, St Kilda, Vic 3182 https://www.realestate.com.au/property-house-vic-st+kilda-133462702 20 Paterson Street, Carlton North, Vic 3054 https://www.realestate.com.au/property-house-vic-carlton+north-133365270 I’m only interested in capital gain and don’t mind having a property with low yield. Would this type of property not the optimal for capital gain? If so, which type of property and suburb should I look into? Would Brisbane have better prospects? Thanks in advance!
From $20k to $25 Million: The Chris Gray Story Chris Gray is the property strategist with a $25 million property portfolio who still rents. New Ten With Ty Podcast » Listen or Watch Here