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G’day all,
There are so many posts in this thread, I haven’t read them all yet. It seems often people guard their secret area in case a flood of investors suddenly turn up…well here’s where I’ve been looking.
South East Queensland has been growing strongly for years. I recently looked nearer the border, and found a good looking deal in Warwick. As part of DD, I realised that a 200 (approx) development was nearing completion, so I didn’t want to try and compete. But a lot of small towns 1-2 hours from brisbane look good.
Further north, a lot of fuss has been made about the mining towns. I actually grew up in Moranbah and Dysart. But for small, new investors (like me), we’ve probably missed the boat.
More recently I’ve looked in Bundaberg, where I’ve been living. Overpriced. I’m shifting focus to between Bundy and Gympie. This is smaller, mostly citrus and cane area. Places like Mundubbera and Gayndah.
So there are some actual place names. Like others have said, there are great deals (whether they are actual CF+ or potential CF+) everywhere, if you look hard enough and get creative.
Happy hunting. It is worth it.
Ben.
ps. Just buying (with friends) 6 flats in central brisbane for 1mil. I’ll be paying the same rent I would have to anyway, but to my mortgage, and I’ll end up owning 1/3 of 6 flats on a big block. There are deals everywhere.
