Where to buy in Melbourne <500 for invesment 2017?

Discussion in 'What to buy' started by Sherl82, 10th Jul, 2017.

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  1. Sherl82

    Sherl82 Member

    Joined:
    1st May, 2017
    Posts:
    6
    Location:
    Melbourne
    Hi all,
    First time poster. A little bit about me, I'm 34 live in south eastern Melbourne. I have approximately 70k saved to buy a house. Im a utilities worker on approx 120k per year.
    I'm want to go down the rent vest strategy as I want to live inner but I'm priced out of the market.
    I want to by a house instead of a inner city apparentment. I want a quality asset that will have strong capital growth.
    With my budget in mind, what are the suburbs in should be looking at?
    Currently, I've been thinking;
    Geelong
    Clyde North
    Seaford
    Cranbourne

    Any advice would be great.
    Cheers
     
    Sherl82, 10th Jul, 2017
    #1
  2. is_don_is_good

    is_don_is_good Well-Known Member

    Joined:
    26th Dec, 2016
    Posts:
    130
    Location:
    Melbourne
    May as well take advantage of the first home buyer grant in some of those suburbs.
     
    is_don_is_good, 14th Jul, 2017
    #2
  3. Omar_wang

    Omar_wang Member

    Joined:
    19th Aug, 2017
    Posts:
    24
    Location:
    Sydney
    I have been looking into the above market but the market has been too hot :) The agents are asking top $$ for ****** houses..
     
    Omar_wang, 19th Aug, 2017
    #3