I think that Brisbane is still undervalued

Out of all the states I think that Brisbane offers very good medium term buying opportunities.

However what happens is that when a market is improving it starts from the center and moves out. What I would suggest is look at properties that are around 5 or 6km from the city center. Providing you do your research carefully I do not think you could go far wrong. My investment strategy has to always buy properties that will appeal to end users because you often end up with better long term tenants and properties that provide stronger capital growth. Naturally you have to look at what is affordable. However if you buy the wrong property it may take you a long time to buy your next.

I would be very wary about being hotel suites in a tin shed. I would not touch it.

When I was an agent I found that people who often sold in winter got a better price than summer or spring. I often found that there were more buyers in proportion to the number of properties on the market. The reason is that many years ago there were 3 school terms not there are 4. As such the spring selling season is reduced in time.

Plus people will forgive unkempt gardens in winter but not in summer. If I was selling myself I would have no problem with winter

That they at least believe that the market has bottomed. Now that can create some opportunities at the lower end of the market. It will be interesting to watch the market over the next 6 months. In Texas they are reporting the strongest demand for sales in 10-15 years. Now this may not be healthy because the market did not fall after the GFC and is now booming. What is driven up artificially can come down. 

When I decided to establish a business in Florida I had two things that had to happen.

Firstly I had to have ownership in the business because that way I am  accountable for what I recommend

Secondly we had to have a property management arm so that invest would know that there interests were being looked after.

Personally I have never ben to Buffalo or Detroit for that matter, however you don't need to go ad see that these are third rate markets at best. It is clearly that there are other good people on this site like Cheeves and Jay and Alex.

What is important is to do your due diligence carefully

Bmt are great very professional could not go wrong

It will not effect your credit in Australia, however if you ever want to buy in a good market then do not walk. 

Buffalo is not a good market, whatever you do dont now go Detroit  

There are good opportunities in America but it is a matter of doing careful research first

It will be difficult for them to chase you here but not impossible. However your credit rating will be ruined. How much is the mortgage on the property.

I dont always agree with Freckle and I think he is wrong about Brisbane. However I do agree with his comments about Perth. The market under about $850,000 is flying with properties selling withig 2 weeks of coming on the market. But if you look at many properties at say 1.5 million they are not really selling at all. That suggests that there is a confidence issue in the economy. Please Perth has always been a boom and bust city. To me this is not a market to buy into at present however Brisbane I believe may be as much as 10% under where it should be.