All Topics / Help Needed! / Where to buy in Melbourne for $350,000

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  • Profile photo of SashleSashle
    Participant
    @sashle
    Join Date: 2017
    Post Count: 1

    Hi,

    I am looking to buy an investment property in Melbourne for $350,000….is this still possible in today’s property market?

    Thanks

    Sashle

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284

    Hey Sashle,

    Absolutely depending what you define Melbourne as?
    and what long term goal you have.

    Im the process of buying a 3b1b that is returning 10.5% its 55 minutes out of melbz but it fits my stratergy.

    happy to answer any questions

    Kind regards

    Jaxon Avery

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
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    JPA Financial Services Pty Ltd

    Profile photo of Ethan TimorEthan Timor
    Participant
    @ethantimor
    Join Date: 2016
    Post Count: 282

    Im the process of buying a 3b1b that is returning 10.5% its 55 minutes out of melbz but it fits my stratergy.
    happy to answer any questions

    Hey mate,

    10.5% sounds amazing!

    Are you happy to elaborate? Is it residential? Dual occupancy? Which suburb? Any work required to get that yield or it’s just buy and hold?

    Ethan Timor | Aligned Finance Pty Ltd
    http://www.alignedfinance.com.au/
    Email Me | Phone Me

    Active Investor & Broker; Based in Northern NSW, servicing Australia wide; Author of '34 Proven Ways to Maximise Your Borrowing Power' (download free from our website)

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010

    350k budget in Melbourne? I’d still be aiming for a freestanding house – which would for the most part limit the options to the outer Western suburbs/Geelong. These areas are seeing huge interest for this very reason – affordability. I wouldn’t touch any apartments with a 10 foot pole even though there are plenty of options in that price range – the supply issues with apartments are increasing by the day and making the likelihood of meaningful capital appreciation to be low.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

Viewing 4 posts - 1 through 4 (of 4 total)

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