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In regards to what Property88 has to say I would be Interested to know what Investments He has and what Qualifications He has also.
I am a Qualified Tradesman who has worked with and know's Residential and Commercial Builder's and Developers, Carpenters, Finance Consultants, people with Multiple Properties and I have studied The Melbourne Realestate Market for 11 years now.
I have Properties of my own also.
If you do choose to just wait and not take The required action you will be like every other person who has good Intentions to enter Into The Realestate Market but does nothing about it.
Absolutely you need to be wise about your First Property Purchase, but you do not have to have a Phd. Just common sense.
Melbourne has a Plan which Is known as 2030, by that time Property will become so Highly priced most people will have to Rent/Lease as they do In England as we speak.
If you look at the Increase Of House and Land prices since The 1970s you will see there may be a few ups and downs but The Trend is always upwards.
In The 70s Houses were perhps 20k 30k now that same House could possibly be Worth 1 million Dollars.
Australia has experienced Dramatic price rises In the last 10 years.
What do you think will happen in The next 10 years….. Hello!Good on ya mate!
Make it happen, If you were to get a House at your age and JUST have The Tenants pay The Interest you would have a Property that will have Increased Dramatically by the time you are 25.
And that would mean Capital Growth and / Equity.
If you have The Vision to do this then Go ahead, just buy something that has Potential, and try Buying a House for The sake of The Land.
If you Buy right a Developer may want to Build Units on your site or you can consider this as an option for yourself.
There Is so much to know and Learn If you like you can contact myself.
It Is better that you Discipline yourself now instead of wasting alot of Money In your Growing up years.
You will be miles ahead of your Friends If you do as you say and act on this and make It a Reality.
Looking Forward to Hearing from you!If you had a Large Bathroom you could consider putting a claw foot Bath there and then the only thing that Is permanately fixed is your Waste Pipe and Hot and Cold Taps and spout of course……
Hi, This could be an opportunity to Bargain with The Seller Est Agent and discuss this concern. And for this reason you could put in a lower offer and walk away. Then wait for The Agent to approach you on The Sale. This negative aspect of having a Prision close by may give you negotiating power.
Renting It out should be Fine!
Remember that Melbourne House Prices will cont. to soar so any wise Investing Is bound to reap.Hi, If It will be just yourselves Living In The House then you can go ahead and get rid of The Bath altogether and do what you suggested with a Double Shower.
However If you are going to Lease This House out or sell The House at a Later stage you need to know that you may be limiting yourselves to prospective Tenants and Future Buyers.Ask Yourself this question, who Is going to live there?
Your Family
OR
Another Family?
