VIC Where to buy in Vic for ~400k

Discussion in 'Where to Buy' started by westbound, 15th Jun, 2020.

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  1. westbound

    westbound Member

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    Looking for some recommendations to buy a IP in Victoria for around 400k. Looking specificallt at capital gain over a period of 3-4 year(before I can sell it off).
     
    westbound, 15th Jun, 2020
    #1
  2. learner_investor

    learner_investor Active Member

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    Wonthaggi with that budget
     
    learner_investor, 15th Jun, 2020
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  3. westbound

    westbound Member

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    Why do you reckon there will be capital gain in that location?
     
    westbound, 15th Jun, 2020
    #3
  4. The Y-man

    The Y-man Moderator Staff Member

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    Too short a time frame to be playing with IP.

    You'd probably have a better time in the share market.

    The Y-man
     
    The Y-man, 16th Jun, 2020
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  5. skater

    skater Well-Known Member

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    Property is a long term play. Most of the time, 3-4 years is too short a time-frame.
     
    skater, 16th Jun, 2020
    #5
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  6. ashish1137

    ashish1137 Well-Known Member

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    Search Ballarat and Geelong bud,

    You still might be able to get something.

    Cheers
     
    ashish1137, 16th Jun, 2020
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  7. Cousinit

    Cousinit Well-Known Member

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    Probably need to look further west than Geelong for 400k. Possibly Colac.
     
    Cousinit, 16th Jun, 2020
    #7
  8. ashish1137

    ashish1137 Well-Known Member

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    not necessarily but really depends if you are after a specific asset and specifications. :)

    Regards
     
    ashish1137, 17th Jun, 2020
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  9. Westie

    Westie Well-Known Member

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    I think a H&L product is still achievable for under $400k in certain parts to the SW of Melbourne. The block's going to be small, about 270sqm or so. Build on it and you should be able to keep it below $400k all up. How much CG though, dunno, especially these days. That property may rent for about $400/week and well be +vely geared too.
     
    Westie, 17th Jun, 2020
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  10. Fargo

    Fargo Well-Known Member

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    Intelluctual Property is the only IP you should invest in for GC in such a short period . Perhaps fintech, medtech SaaS
     
    Fargo, 18th Jun, 2020
    #10