Hi. Could anyone please suggest some good suburbs for a run down house (in a decent land size which I could demolish and subdivide)? My preference are good schools, lower crime rate and also ease of travel to the CBD. My budget is about 800k. Thanks.
Go through the forum using the search function on possible suburbs and analyse the data from YIP information. Not having a go at you, but property investing requires work on your part rather than being spoon feed the information.
Welcome If its Melbourne I expect you will have massive competition. As OP mentioned do a search, but I think the key to sourcing a good site is once you identify an area/suburb, then you need to network closely with re agents, especially in booming market, make them your friend, give them a reason why they will help you over others. Cash talks
Hey Suraj, buy in cragieburn where there are lot of Nepalese people where u can do marketing about ur business ie student visa and migration. In the mean time u can rent out ur investment property to newly arrived Nepalese student. Common mate, ur budget should be 1 million , as u are aware aus government has started giving student visa to Nepalese people. Current ur bank balance might be quite heavy as u take lot of commission for so called uni and colleges. By the way are u still working with tonu or u left?
Appears the market is way too hot in Melbourne right now. Did a residex for a client the other day - came back at $430k. The house sold for $500k at auction on Saturday. Couldn't get the head around 'why' - it wasn't near any trains, malls and was <600sqm! Yet another client did secure a property at an auction close to the 800k mark, however they had a BA on the ground bidding for them.
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