Hi all, I am hoping to get some advice about where to purchase my next investment property. I purchased my first in Geelong in 2012 which has gone up in value quite substantially. I’d like to use the equity to purchase my next in either Wyndham Vale or Werribee. I’m not overly familiar with either suburbs, however have read that both have high growth. Budget is around the $400k mark. Idea is to rent it and watch it grow. Any recommendations on both suburbs would be appreciated!
If I were you, I'd buy in Werribee as close to the trains/Pacific Werribee. But, $400k isn't likely going to get you a freestanding house. $425k or so, yes. Avoid the streets with bird names in them.
Werribee any time for me. More established area. Somewhere close to train stations is always good for those who want to come and work in the city.
