trevmcrev
Member
Seaford is not bad, priced well and will grow. Has a beautiful beach a lot of people arent aware of. My parents bought there about 12 years ago for $80K!
Frankston will grow. Frankston North is ghetto. Different altogether. Dont buy there for growth, only reason would be for a cashflow positve investment if possible. The ferals wont be leavin for a long time yet!
Good luck collecting your rent on time. My lil sister in law (21 now) bought in franga 3 years ago when talk of growth there first began. All 3 tenents have stooged the rent leaving her to pick up the shortfall. The current one is 4 months behind. Good luck evicting, they have all the rights.
For growth, buy as close to the beach as possible, buy a property with as much land as possible. Within your budget.
Look at the suburb that has boomed and go for the next suburb further along the beach.
For an investment property you want quality tenants, so go for a quality apartment in the best suburb you can afford.
Buy property that has an upside, that can be improved to add value.
In something brand new you are relying on area growth alone.
Do not buy in a new estate no matter what.
Good location = good real estate.
Good real estate does not go down when the market cools.
Show me a house in a good suburb that you can buy cheaper today than 10, 20, 30 or 40 years ago and i'll buy it for you.
This has helped me to over $1.2m in property in 9 years at 34.
About $450k of that is from growth.
Ps. playing with cars sure doesnt help! But its FUN. And ya gotta have some fun :wink:
Frankston will grow. Frankston North is ghetto. Different altogether. Dont buy there for growth, only reason would be for a cashflow positve investment if possible. The ferals wont be leavin for a long time yet!
Good luck collecting your rent on time. My lil sister in law (21 now) bought in franga 3 years ago when talk of growth there first began. All 3 tenents have stooged the rent leaving her to pick up the shortfall. The current one is 4 months behind. Good luck evicting, they have all the rights.
For growth, buy as close to the beach as possible, buy a property with as much land as possible. Within your budget.
Look at the suburb that has boomed and go for the next suburb further along the beach.
For an investment property you want quality tenants, so go for a quality apartment in the best suburb you can afford.
Buy property that has an upside, that can be improved to add value.
In something brand new you are relying on area growth alone.
Do not buy in a new estate no matter what.
Good location = good real estate.
Good real estate does not go down when the market cools.
Show me a house in a good suburb that you can buy cheaper today than 10, 20, 30 or 40 years ago and i'll buy it for you.
This has helped me to over $1.2m in property in 9 years at 34.
About $450k of that is from growth.
Ps. playing with cars sure doesnt help! But its FUN. And ya gotta have some fun :wink:
lol
