Thoughts? West Melbourne, first investment

mardi 9 juin 2015

Hi all,

First time poster.

Just wanted to get you opinion on this property.

Long story short, its my first home, first purchase and I am a complete noob.

Will be looking to purchase this as an investment. As anything close to the CBD in Sydney is just crazy as we all know.

Location: West Melbourne
Apartment
Off the plan
Completion 2 years from now

2 bed room
2 bathroom
1 car space

82 square meters

All Smeg appliances with Timber floor boards

$520k

What are your thoughts on this property and location?

I don't know much of this area but I know its fairly close to Docklands and the CBD

I did a quick search on rental income and its approximate return would be anywhere from $550 give or take.
Thoughts? West Melbourne, first investment

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