Australian real estate, looking for advise

[Matteo Verzi]

Hello all!

I’m new to this forum, an i how that I’m posting this in the right section :-).

I’m about to invest in my RE market and I am looking for help or connections to jump start my journey as RE investor.

im about to purchase my first property in the eastern suburbs of Melbourne.
my plan is to go first time buyer 600-700k. 2-3 bedrooms. with Reno potential. Live in there for one year ( save on stamp duty) and than renovate and convert into investment and rent it out. im counting on the usual avarage of 6-7% yearly growth. within 2-3 years ( once capital surlus allows ) refinance. Create an offset account to use for the next purchase+absorb costs. than repeat until banks will allow.

my worry is the current market conditions and I was hoping to connect with someone around here a let to share some insight re my plan +current market cycle.

Would anyone happen to be able to help with this ?

thank you ahead if time for you help!
kindest regards 

Matteo