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Hi people,

I've been looking for an investment property in Melbourne for some time now and just wanted to hear from like minded people. I have thought about buying in other states and including overseas markets (US) however I have decided to buy in my own backyard.

Now seems like a good time to buy, I don’t believe prices will drop much further and it certainly seems like a buyer’s market.

For those who have purchased an investment property in Melbourne, what was the driving factor, rental yield/capital growth?

Did you purchase an apartment or house & land? Why?

Any thoughts on where to invest and where to stay away from?

I’ll add to this later.

Daz

Great time to buy right now mate...

market is down, areas like Carlton, fitzroy, Port Melbourne, South yarra just to name a few... all great spots.

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