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IP in Bendigo

Discussion in 'Real Estate' started by dynasty007, 17th Feb, 2010.

  1. dynasty007

    dynasty007 Member

    Joined:
    24th Jun, 2009
    Posts:
    20
    Location:
    Melbourne, Vic
    Hi All,

    I would like to open a discussion about buying an IP in Bendigo. Is anyone familiar with the area and/or an investor there?

    I am thinking about buying my 2nd IP close to the La Trobe Uni and renting it to students. My aim is to purchase a 4 bedroom townhouse or house, ideally something which will be positively geared.

    Any comments about capital growth potential for Bendigo and rent return would be much appreciated.

    Cheers,

    Mike.
     
  2. MattR

    MattR Well-Known Member

    Joined:
    23rd May, 2007
    Posts:
    229
    Location:
    Sydney
    I was a student once and rented a place with three other guys - what a pigsty !

    We didn't get our bond back!

    Bendigo - no ideas.
     
  3. dynasty007

    dynasty007 Member

    Joined:
    24th Jun, 2009
    Posts:
    20
    Location:
    Melbourne, Vic
    Haha sounds like you guys were the tenants from hell!