Thanks for that – I had not considered those things. The more I read and think, the more I like the idea of owning land. There is a lovely house in Boronia and another in Chelsea for under 500k. Chelsea should be a good area to buy in as it’s near the beach, has a train line, shops, freeway…..

You’ll probably hate me for it, because I know real investors are risk takers. But I dont want any debt. I have some bad experiences. So while I know that I could use 500k in cash more wisely by getting a couple of properties and growing my property portfolio, I just want to get one property and have that paid for., and know its there. Maybe once…[Read more]

I forgot o say that the reason I chose Melbourne is because I live in Melbourne.