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,
TimHeya 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,
JerryJerry | Mortgage Station
http://mortgagestation.com.au/
Email Me | Phone MeFinance Strategist - Active Investor - Serving clients Australia-wide - Based in Sydney / Melbourne
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