Suggestions for first purchase

Discussion in 'Where to Buy' started by baysgreen, 25th Apr, 2020.

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  1. baysgreen

    baysgreen New Member

    Joined:
    25th Apr, 2020
    Posts:
    1
    Location:
    Melbourne
    Looking to purchase first place. About $100,000 saved and on income of $130,000 a year which is stable.

    However, looking to go overseas to do masters in 3 years and then work overseas and then possibly work overseas, so ideally looking for something around 600-700k mark that can be rented out for positive cash flow.

    Have never bought before so would be great to get some suggestions.
     
  2. Jana

    Jana Well-Known Member

    Joined:
    19th Apr, 2016
    Posts:
    345
    Location:
    Sydney
    If positive cashflow, then Sydney and Melbourne most likely out. Brisbane is the likely candidate. It may or may not well in terms of capital gain..
     
  3. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    15th Aug, 2005
    Posts:
    7,537
    Location:
    Gold Coast
    You may be able to get into a dual income in Brissie for those $

    ta
    rolf
     
  4. Shogun

    Shogun Well-Known Member

    Joined:
    26th May, 2018
    Posts:
    1,259
    Location:
    Perth
    If I had $100k and was under 30. I would salary sacrifice $25k a year for next 4 years. Retirement funding almost completely sorted.