Investment Property under $320,000 in Melbourne

[Deactivated] on 14/07/2017 - 12:10

I am looking for an investment property in Melbourne for under $320,000 . Preferably close to a train station.
Please suggest which suburb I should buy in.

Financial

Comments

  • KaTst3R on 14/07/2017 - 12:34
    +1

    For this price, you are likely to be restricted to 1 bedroom apartments in city or popular suburbs.

  • [Deactivated] on 14/07/2017 - 12:37
    +1

    you will be looking at the end of the train lines and run down properties. goodluck

  • [Deactivated] on 14/07/2017 - 12:37
    -3

    For that money I have a 2.5m x 2.5m plot in my back yard that you can easily put a tent on. Is close to train station, so meets all of your requirements. Sorry, no pets allowed.

  • redfox1200 on 14/07/2017 - 12:55
    +1

    i think you forgot a zero, 3.2million right?

  • capslock on 14/07/2017 - 13:34
    +1

    Melton

    • TheBilly on 14/07/2017 - 14:14

      Literally your only option if you want a house. If you want an apartment then, your choice is a bit bigger … I am from Sydney and have visted melbourne for investment purposes, didnt buy, but for the life of me couldn't understand why Melton was so cheap. All facilities are there, close to the city by Sydney standards, nice and clean. The same distance from the city in Sydney and you are looking in the $700k-$900k mark… and even then for an old house.

      • altomic on 14/07/2017 - 14:34
        +1

        but for the life of me couldn't understand why Melton was so cheap.

        because it is Melton.

        • TheBilly on 14/07/2017 - 15:03

          Ohhhh yea, your right, now I get it !

  • boomramada on 14/07/2017 - 13:49
    +2

    Use this to locate the train station https://www.google.com.au/maps
    and use https://www.realestate.com.au/ or https://www.domain.com.au/ or https://www.allhomes.com.au/ to find your investment property :)

  • pyramid on 14/07/2017 - 13:54
    +3

    You have credit default per your another post so also start thinking about who will lend you money to buy investment property

    • boomramada on 14/07/2017 - 14:44
      +1

      I had a credit default similar to him, for housing loans, bank don't care.
      But matter when you applying for cc or in-store credit service. He just need to talk to Voda and get it fixed, else he be suffer for 7 years.

  • MathNerd on 14/07/2017 - 16:34
    +1

    Here you go.

  • chumlee on 14/07/2017 - 18:17

    Look around Mernda as they are currently extending the rail line to here.

    As mentioned by pyramid you need to sort out your default first. Pay the bill at least so it becomes a paid default

  • JetLi on 14/07/2017 - 19:09
    +1

    Save more…

  • mbck on 14/07/2017 - 19:56
    -1

    invest in black. then you'll have doubled your money and giving you more options

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