Hi – my vote is for option 4.

Close to transport and beach and in a bayside suburb that I believe will only continue to go up in value and have strong demand for rental.

You shold be able to pick up a 2 bedroom standalone type unit with an attached car space to do up for around the $330-$320k mark.

We just bought in Seaford so I am a little biased – but have been following this market very closely for 2 years

why not try selling/advertising on ebay?

Holiday renting is a great option from JacM – especially being furnished and coupled with this time of the year.

Do you think the fact that the unit is furnished is a problem – maybe make it optional and vary the rent accordingly?

Maybe chuck a ad in your local rag as well

wow – wish you were my parents don't forgot about depreciation that is claimable as well

Hi Harry – what state? Town or city? The last property we purchased we emailed the agents are offer and conditions. ie. subject to finance, settlement period, building/pest inspection, deposit – we also snuck in early access if property became vacant which was invaluable (this gets tricky with doing reno's). We also put a time limit on this such as offer expires by close of business on x day,month, year

is it house or units diedre? We have a house in Victoria and it is like another utility bill for the tenant, however we pay it on the provisio that they keep the plants alive. With units, we only paid for usage when we were tenants – the landlord must have paid sewerage and connection.

Is Capital Gains Tax a consideration in this equation?

it will be in your best interests to get a depreciation schedule. If your buying the property to rent out then the purchase price is your starting point. We lived in ours then rented it out a couple of years later so we got a valuation done.

adski maybe those improvements have contributed to the rental increase. You can live in my oroperty anyday!