Hi All, Looking to buy an IP in Melbourne. Budget is circa $1M. Strategy is to hold (to be able to rent readily) and develop in future. I have a heard a lot about Frankston. It's a bit further out and has gone up considerably recently so wondering if I have missed the boat already? Thoughts about Coburg, Thomastown, PascoVale, Maidstone, West footscray? Would love recommendations. Cheers, Akber
That's a hell of a range of suburbs you got in the list there.... anything rents readily if it's cheap enough The Y-man
I'd look for something that was passed in at auction that meets your criteria in any of those areas and go from there. The Y-man
Also add Carrum Downs for your development potential tick. Frankston has varied pockets. Be careful with that but 1m is a very decent budget. Regards
