I would suggest to be creative, maybe look at a development project, or team up with people who have the experience

I think the Melbourne market will continue  to grow but it may be slow for the next few years. Personally I prefer to develop property in Melbourne because at least by doing that we can get property at a real wholesale price. If you are going to pay retail at least do your due diligence very carefully. Make sure that there is demand in the area. Stay away from the city area of Melbourne there are 1000s of apartments coming out of the ground. The end result will be very slow growth. Inner city areas are good. As an example we are building in Essendon. We have looked at Kew and bayside as well.

Also look at what properties are actually selling for that will tell you what the properties that you are looking at are worth

I thiink all education is great however most people who run courses like this or others on how to be a property developer do provide great information  however the average person does not have the time and or experience to do these deals. Most of these things are not part time ventures. They take time and commitment. Most of these strategies taker time and money.. 

The Problem is that many of the marketing companies that run the seminars attract people who have no money so they get you all excited and then release the sell speakers. You know the ones, how to be a property developer in just 5 days. The reality is if you pay $5000 for a course then the promoting company gets half. That shows great value to you.Now I am not saying that some of the courses are worth doing. But most people are not going to be property valuers after 5 days. I have been involved for a long times and am involved in both Property Development and the United States however one of my partners is a very experienced Project manager and I have just set up a new company in the States. I see our clients as partners. I am not interested in talking about waving a magic wand to create wealth. There are many strategies that can work.

One final observation is that many people think they know more about property than they do. 

So remember whatever the deal make sure you do plenty due diligence before committing your money

You pay high property management fees and the properties are often not in first class locations. There fore your capital growth could be limited. Frankly with high Tennant demands across Australia I think there are better options.

I am not a broker suggest you talk to Richard Taylor who is 007 here a very good broker

However you have said you are green. Then make sure you are not. Carefully do your due diligence and work out a plan as to what you want to do. Most people who lose money in property do so because they do more due diligence on what blu ray player they will buy than they do on the property. They go to seminars and get sold overpriced property or they buy crap.

However if you buy without due diligence then you only have yourself to blame.

So measure twice cut once, in other words check everything twice before you make a decision. Write up a life plan includiung your personal and business plans

Most of these groups are just trying to sell you something. There are exceptions. The results guys are good. I also run mentoring. Many of my clients are interstate so most communication is by phone or online. Generally the larger the organization either the bigger the sell or the more you will pay. If its a structured mentoring program how much of what you are being taught is relevant to you

Most companies sell house and land because generally the commissions start at about $30,000 so that the basis of the offering not whether its a good investment or not. Generally I do not think house and land is the best investment