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Hi Hayley,
In my opinion l think you need to make sure you are clear about the Investment and look at what it is for… Is it for a quick gain is it for long term growth.,..
After spending 10 years in the property market in Melbourne CBD l have seen a lot happen over this period and l am a big believer that Melbourne CBD (IN THE RIGHT DEVELOPMENT) is still a great place to invest…..l doi belive this is more of a long time growth…..
(5 years) you just need to look at the growth numbers in population and you can see that Melbourne is a stand out…If you have any questions on Property or Finance
PLEASE FEEL FREE TO ASK…Cheers
Hi Glasco,
Other cost to consider are Body Corporate Cost if applicable, Stamp Duty, if its an Investment Landlord Insurance.
In relation to Finance there can be costs from $500 to 5,000 depending on the property and who you lend threw.
Managing your property in Melbourne can cost between 5% to 7% and one and a half weeks rent but l am not sure what it costs in QLD….l have been in property for 10 years and also own my own finance company so if you have any further questions please feel free to ask….
Cheers
