Forums / Community / Buy, Swap & Sell / buying an IP in Melbourne

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  • Profile photo of pcnpcn
    Participant
    @pcn
    Join Date: 2013
    Post Count: 13

    Hi there,
    I am looking to buy an IP (hourse) in Melbourne price about $450k and the yield is at least 4% with a potential to growth.
    Any advise where I should look at?
    Thanks,
    Tim

    Profile photo of JerryJerry
    Participant
    @jerry_o
    Join Date: 2013
    Post Count: 46

    Heya Tim,

    Consider looking at the west side of Melbourne. There is a lot happening there at the moment, with that price range, you can definitely find something in the West.. although personally I prefer the Eastern side as it has a more natural growth given that it is a more established area than the West which is going through a lot of developments and some areas are going through gentrification particularly the Werribee areas.
    Not a recommendation, just a general opinion of the area.

    Regards,
    Jerry

    Jerry | Mortgage Station
    http://mortgagestation.com.au/
    Email Me | Phone Me

    Finance Strategist - Active Investor - Serving clients Australia-wide - Based in Sydney / Melbourne

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