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4) Choosing the right location: well my line of work revolves around property, each quarter ourbank managers arange a meeting with a company called charter keck cramer The give advice to state/federal governments & reserve banks.. so they are the best in the biz (they also have some free info for download from there site. However based on our needs (and these will differ from everyone esle, so go seek a professionals opinion) generally speaking about the "Melbourne" market, you'd like to stay within 7-13k's of the CBD. However Melbourne's CBD appartments are a no no at the moment and docklands is not so bad if you're happy to wait around 10-15years to reap your rewards .. simply "demand vs supply" the only thing docklands has for it is > keyword > "water views".

funny that you mention charter keck cause im a property student at melb uni and work with them over the winter break. i worked in the strategic research unit. im also in a mentor program with scott keck and spend a day at the office once or twice a month. your right, its the place to go for advice.

for people that have some cash to invest but dont wont to borrow, you can invest in property syndicates. i dont know what the management fees are like, but they usually return around 9%. might be worth a look cause its very easy to get in over your head.

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