My interest in Melbourne stems from having to accommodate a daughter at Melbourne Uni for the next 3-4 years.
I'm open to be talked in to buying rather than renting a 2 – 3 bedroom unit with capital growth prospects over medium term.
As a cash buyer in the market of $400k to $500k, I'm interested in views about whether to buy or rent.
Some have had a negative outlook regarding Melbourne's prospects for capital growth recently, but that's only from recent media articles.
So you're planning to buy a unit in cash for $400-$500k? Personally, I'd rather use leverage (loaned money) to purchase a property of that price. What's your strategy with the property? Sell it off after a few years?
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