All Topics / Help Needed! / Is Altona a good residential investment?

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  • Profile photo of NatNat
    Participant
    @natas
    Join Date: 2015
    Post Count: 6
    January 24, 2017 - 8:43 pm

    Dear all,

    I am thinking of investing into a unit or townhouse in Altona.
    Is it a wise investment? Or do you think Altona North is a better choice? My budget is around $650K.

    thanks

    N

    Profile photo of Patrick OwPatrick Ow
    Participant
    @patrickow
    Join Date: 2015
    Post Count: 9
    February 17, 2017 - 4:04 pm

    Hi Nat

    What is your property investment strategy?

    Knowing your why and strategies for property investing is the first step towards answering the question you asked, that is whether to buy a unit or townhouse in Altona.

    If I may ask, what is your goal or reasons for buying an investment property in Altona? It is for capital growth or yield?

    Patrick Ow
    http://howtobuyrealestate.com.au
    Email Me

    Profile photo of Hari YellinaHari Yellina
    Participant
    @yellina
    Join Date: 2007
    Post Count: 101
    February 18, 2017 - 12:47 am

    Nat,

    I have lived in Altona North for a 12 years and seen a good capital growth for a last year comparable with Altona.

    1) Altona North doesnt have a train station. Which can be a negative point for the suburb.
    2) Very close to the city. and travel to city or eastern suburbs is a breeze.

    Altona

    1) I would recommend on other side of railway which is close to the beach.

    If you have $650,000 to buy. I would rather recommend west footscray. It has tottenham, westfootscray and middle footscray train stations.

    Thanjk you.

    Hari Yellina
    Email Me

    Keep Investing - Grow while Resting.

Viewing 3 posts - 1 through 3 (of 3 total)

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