I'm a first home buyer in Melbourne with pre-approval for finance for up to 570k.
I'm looking at two bedroom flats mostly but they are very mixed and the one-bedders for around 450k look really nice. I guess any advice from people who are experienced in the property market would be really appreciated, primarily around:
- how much more in cap growth you'd expect from a two-bedder verse a one-bedder / whether generally (specifically in relation to real property as a financial investment) two bedders really are that much better
- whether the emotional stress / burden of a max loan was worth it in retrospect from people who have been through the process
- whether people were happier with prioritising location verses other qualities like floor plan / size / light e.t.c - acknowleding how subjective that is.
Really appreciate any and all takes!
Cheers
I'm looking at two bedroom flats mostly but they are very mixed and the one-bedders for around 450k look really nice. I guess any advice from people who are experienced in the property market would be really appreciated, primarily around:
- how much more in cap growth you'd expect from a two-bedder verse a one-bedder / whether generally (specifically in relation to real property as a financial investment) two bedders really are that much better
- whether the emotional stress / burden of a max loan was worth it in retrospect from people who have been through the process
- whether people were happier with prioritising location verses other qualities like floor plan / size / light e.t.c - acknowleding how subjective that is.
Really appreciate any and all takes!
Cheers