Dear all :
I am 26 yrs old from Melbourne. I have just started my career in field of software engineering. I actually want to give a start to my property investment interest and for that I need some suggestion and information. I am very much new to this area and I am looking to buy block of land out of Melbourne.
Well my savings are not much …. around $8000. However I am just wondering what are the places where I should invest. I have done a bit of research and have found few places as follows :
1. Warragul
2. Pakenham
3. Drouin
4. Creswick near Ballarat
5. PortlandHowever I am more bent upon Warragul. can u guys pls guide me whether it's a wise decision OR is it too risky considering I have just started my career? What do u guys think bout Warragul as a place to invest? The price of a block of land of around 700 square metre is $82K. is it a right price or should i negotiate? and the land is on the side of the Warragul hospital. Also what are your suggestions about the other suburbs I mentioned?
Also I am looking to take a loan from my bank. In that case, is it possible to sell the land before paying off the loan completely and then pay off the loan with that money?
It would be great if you guys can help me with your suggestion.
Cheers!
Hi "life is wealth"
My names Sean and I am looking towards becoming a property investor like yourself
so add me on msn [email protected] if you wish and we could catch up on there.Um first of all how much education have you got in terms of buying and doing up properties? have you spent time + money to build up your knowledge base first or are you just going to jump into the deep end straightaway.
I am sure the other more experience property investors will help you out.
Good luck
Sean
so add me on msn You must be logged in to reply to this topic. If you don't have an account, you can register here.
