In South Yarra, good apartments in low rise blocks with dedicated parking prices start at $450,000 to $500,000 for a one bedder and approximately $600,000 to $650,000 for a two bedder.Free standing quality investment grade two-bedroom houses in the suburb can cost upwards of $1.1 million.
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Myths. The property market is riddled with them. Often masked as positives, the consequences of falling for them often leaves investors dazed and confused – “how could a sure thing fail?” When navigating through the property world, avoid these fables to find property truth.
Located on the water yet close to the city, Elwood’s popularity with young professionals and investors alike comes as no surprise.
When planning on investing in property for the first time it is important to prepare yourself for the six main steps in any property journey (establishing finance, asset selection, negotiation, settlement, property management and portfolio review). With thorough research and preparation you can go from a novice to a property owner in three or so months.
Initially, a prospective investor must be fully engaged if they’re not to be deterred from action by obstacles such as the fear of losses, the arcane language used by finance professionals and the bewildering choice of assets. However, once an investment strategy has been formulated and put in motion, the smart investor knows it is wise to step back and give the plan the time to work.