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Perfect! That’s what I needed.
Cheers.This is what I’ve been doing for the past year and a half. I live in a big house of 5 in inner Melbourne with friends and my girlfriend. It works out to be $600 a month for me which includes everything. I then use my extra money and buy IPs in Hobart that are positive cashflowed.
I got no idea about the Sydney suburbs so I wont comment on that. Geelong however is a sound investment it will continue to keep booming as they try relieve pressure off Melbourne, even nearing towns like Winchelsea etc are feeling the benefits of geelongs extension. It all comes down to do you want capital growth or cash flow? Cause from what im aware Geelong is pretty average on the rental yield side of things compared to places like Hobart and parts of QLD.