VIC Which one is a better IP? (Inverloch area)

Discussion in 'Property Analysis' started by Larry's Bird, 8th Oct, 2021.

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  1. Larry's Bird

    Larry's Bird Member

    Joined:
    28th Feb, 2021
    Posts:
    6
    Location:
    Victoria
    Hi, I am looking to purchase my first IP using below as my general criteria:
    • Balance of capital growth over the medium/long term and yield
    • At least ~600sqm land area to allow for possible subdivision later
    • Ideally near the beach as we intend to move to the property many years later upon retirement (if we don't decide to subdivide)
    I have started looking specifically at Inverloch and Cowes as we liked the feel of those areas when we spend our holidays there. So far I have seen below 2 properties for sale in Inverloch:

    1. This one was sold last year Feb 2020, and seems to have been renovated. Now being sold for double the price:
    https://www.realestate.com.au/property-house-vic-inverloch-137417174

    2. This one looks basic with slightly smaller land, but is being sold at a much cheaper price.
    https://www.realestate.com.au/property-house-vic-inverloch-137055266

    Appreciate some feedback from the group. Thanks in advance!