All Topics / General Property / Building Family Home for investment?

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  • Profile photo of chrisb123chrisb123
    Participant
    @chrisb123
    Join Date: 2009
    Post Count: 9

    I am looking at building a 4BR, Double Garage, 2 x Living area house in regional victoria in a new estate. I want to rent it out for the long term with the view of selling in the next 10/15/20 yrs. Will this be a good investment with a budget of around $300k? Or could this money be spent better on another property venture?

    Any help appreciated

    Profile photo of ducksterduckster
    Participant
    @duckster
    Join Date: 2004
    Post Count: 1,674

    What is your goal.

    Capital Gain – may be a problem

    Positive cash flow with building write down depreciation  maybe possible.

    With $300 k you may find it hard to enter a city property market.

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