Aged 27, currently with low income, but will be inheriting 200k "when i buy my first house."
I want to invest somewhere and make this grow as much as possible, but due to low income don't want to borrow a lot of money. I also want to buy something which is reasonably low risk, and therefore was thinking inner city. But from what I've read that won't get me much in Melbourne, where I live.
My current ideas:
1) Student apartment - saw some of these for under 200K but have been warned against them due to less capital growth, possible oversupply, etc.
2) Borrowing up to 100k and investing with up to 300k in a one bedroom flat. Would I get anything reasonably central with this? Was thinking reservoir, preston, perhaps.
3) Looking at a different city. Brisbane, or perhaps Adelaide.
4) Somewhere regional. I don't really want to do this, as a first time investor I don't feel I know enough about it to make it work
Thanks for any help or advice
I want to invest somewhere and make this grow as much as possible, but due to low income don't want to borrow a lot of money. I also want to buy something which is reasonably low risk, and therefore was thinking inner city. But from what I've read that won't get me much in Melbourne, where I live.
My current ideas:
1) Student apartment - saw some of these for under 200K but have been warned against them due to less capital growth, possible oversupply, etc.
2) Borrowing up to 100k and investing with up to 300k in a one bedroom flat. Would I get anything reasonably central with this? Was thinking reservoir, preston, perhaps.
3) Looking at a different city. Brisbane, or perhaps Adelaide.
4) Somewhere regional. I don't really want to do this, as a first time investor I don't feel I know enough about it to make it work
Thanks for any help or advice