Hi All,
I have just discovered this forum, what a breath of fresh air to be able to ask all these questions going through my brain and see what other people are doing!
My situation is this – I have a house that I am wanting to rent out and possibly sell in another 2 yrs or so, and I am looking to buy another property in the area to live in.
Capital Growth is my main interest here, as the property I buy isn’t going to be ‘the house I live in for the rest of my life’ maybe 2-5 years and then rent it out too..
What options do you think are best for maximum growth? eg. Would you go close to the beach but 2bdrm apartment, or a bit further back but a 2bdrm house on 600sqm?
Another option I am looking at also, is brand new 3bdrm but on the bare minimum land (minimal POS) or 3bdrm on a block where you have a front and back yards?
If it helps, I am looking at the areas of Frankston, Langwarrin and Carrum Downs, my current property is in Frankston.
Look forward to hearing others thoughts!
For capital growth i look for older properties on bigger blocks (It's the land which increases more in value).
Looking forward to hearing the expert opinions on this as we live in same area!
Look for land or an older home with a large parcel of land you can do something with down the track
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