Buying rural property

  1. 517 Posts.
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    Well with Melbourne house prices becoming ridiculous I am becoming more content to rent around St Kilda than spend 500k on something I'm not happy with.

    In doing so im sitting on a decent sum on money and looking to buy outside of Melbourne, something ideally around $250k with a high rental return eventually paying itself off. With a time frame of 10+ years I think it would be near impossible to escape capital growth

    Does anybody have any suggestions or towns worth investigating? So far I'm considering Traralgon or to the north Euroa/Tatura

    Many thanks
 
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