Hi,
I am looking to buy an investment property in Melbourne for $350,000….is this still possible in today’s property market?
Thanks
Sashle
Hey Sashle,
Absolutely depending what you define Melbourne as?
and what long term goal you have.Im the process of buying a 3b1b that is returning 10.5% its 55 minutes out of melbz but it fits my stratergy.
happy to answer any questions
Kind regards
Jaxon Avery
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
Im the process of buying a 3b1b that is returning 10.5% its 55 minutes out of melbz but it fits my stratergy.
happy to answer any questionsHey mate,
10.5% sounds amazing!
Are you happy to elaborate? Is it residential? Dual occupancy? Which suburb? Any work required to get that yield or it’s just buy and hold?
Ethan Timor | Aligned Finance Pty Ltd
http://www.alignedfinance.com.au/
Email Me | Phone MeActive Investor & Broker; Based in Northern NSW, servicing Australia wide; Author of '34 Proven Ways to Maximise Your Borrowing Power' (download free from our website)
350k budget in Melbourne? I’d still be aiming for a freestanding house – which would for the most part limit the options to the outer Western suburbs/Geelong. These areas are seeing huge interest for this very reason – affordability. I wouldn’t touch any apartments with a 10 foot pole even though there are plenty of options in that price range – the supply issues with apartments are increasing by the day and making the likelihood of meaningful capital appreciation to be low.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
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