Hi all,
This is my first post and hoping to get some advice with purchasing my 2nd investment property. My exisiting IP is in Tarneit.
I have been approved for 330k, but I don't necessarily want to spend that much.
As a single mum within the lower income bracket, I think something with a high rental yield and steady capital growth would be safest for me. I am interested in a bigger block that I can later develop on.
I don't mind a property I can do minor renovations on.
The areas I've been told to look into are:
- Laverton
- Hoppers Crossing
- Werribbee
- Norlane
- Corio
- Ballarat
- Bacchus Marsh
I don't think I can afford anywhere else :/
What are your thoughts?
Thank you in advance!
Budget $330k Western suburbs Melbourne
This is my first post and hoping to get some advice with purchasing my 2nd investment property. My exisiting IP is in Tarneit.
I have been approved for 330k, but I don't necessarily want to spend that much.
As a single mum within the lower income bracket, I think something with a high rental yield and steady capital growth would be safest for me. I am interested in a bigger block that I can later develop on.
I don't mind a property I can do minor renovations on.
The areas I've been told to look into are:
- Laverton
- Hoppers Crossing
- Werribbee
- Norlane
- Corio
- Ballarat
- Bacchus Marsh
I don't think I can afford anywhere else :/
What are your thoughts?
Thank you in advance!
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