If you are given $400k to invest and looking for a capital growth of 6% with low vacancy rates, which suburb in VIC you will look at?
Have you looked at Boronia? Lots of zoning changes and infastructure going on there. Possibilities within 400k range
If I had $400k to invest….I'm not sure I'd be doing it in Australia or be happy with 6% return. Just me. I'd diversify or at least look at several options abroad. The west coast of the US, parts of FL or Atlanta where I am. You can buy a renovated & rented unit for $60k to $80k with a net rent of 10% or take a little more risk and earn 10% plus a split of profits on purchases of $40k to $60k US. There are several other posters here with properties in Kansas City, Orlando and Portland….all worth a look. There is another poster doing some interesting things in Japan with good returns. If I can't double my money every couple of years, I'm not very happy! Happy to network. Andy
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