Hi all,
I am new to property investing so please forgive me if my question seems a little naive. I have been reading property investor mags etc and i am aware of APM and hotspotting etc. Can anyone offer any comment about the best (and most cost effective) ways of identifying the best suburbs to buy an investment property in. I am leaning more towards long term capital growth than short term positive gearing. I am currently looking at Melbourne.
Thanks Darrinyou will find plenty of tips in this forum if you search under melbourne topics/threads .
Im not that familiar with Melb but it seems for long term growth anywhere within 20kms of the CBD should not let you down long term. Even areas further out like Seaford/Frankstown or Geelong should be fine.
we need help we are a family mom dad and 5 kids we have 50k deposit and have put a deposit on a property ,,sale price of 110k …we are on a pension and get 1915.96 per f/night ..we need 60k ….we dont qualify for bank finance ….we can pay 350 per week …..we have been renting at 350 per week for many years ….the property we are trying to buy is able to generate at least 300 per week …we would pay any monies we make straight of the loan ..we own a toyota parado 2004 grande ..and a 1996 musso combined value at 50k ..we would sell when we got over to our new place in wa …we dont wont to sell them in a fire sale as we wouldnt get true value …monies for car sales would be paid of loan …we have our freinds comming with us and thay can pay 200 p/week which makes weekly paments at a min of 550 per week ..we are eligable for the 14k first home buyers grant ..that will be paid of the loan asap …we also have a 1988 isusu furnature truck that is worth at least 10k we will sell that as soon as we move over to wa ..we dont wont to sell till then as we would then have to pay for a removalist and thay quoted 8.5k ….pleas help ///////ph paul 0408819344 …ps can pay 15 % interest
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