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HI Freckle,
Thank you so much for your post.
That make sense. And we are even more confused..! Meaning we need to do further research -Trying to find an low risk investment property.
Propty
Hi Derek
Thanks for your comment.
You are right. We are not clear as to what's the best investing strategy for us as first time investors with a budget of 370k.
What we are considering is to:
1.) Claim some tax – which we end up paying combined 20k annually.
2.) Have a good capital growth ,eventually when we sell in 10 years time, that will help us to pay off our mortgage quickly
3.) Also something that would give a good equity next 2-3 years to lead us to build our property portfolio.
4.) And the safest investment option – losing little or no money!
I know we cannot achieve all in one. But cant weigh up which of above considerations is the most important and move on.
We heard Perth will have a capital growth of 22% in future vs Melbourne 3%. Which sounds appealing.
But for our budget of 370k the option we have to buy an apartment in Perth – 7km with CBD.
And Apartments sounds risky again..!
Would you personally invest in a Apartment in Perth CBD or would consider other options in Melbourne?u personally invest in a Apartment in Perth CBD or would consider other options in Melbourne?
