Hello Forum
I am selling a property after which I will have approx. $100,000 to put towards another property on the Gold Coast. Is there a particular area that I should consentrate on e.g. houses/town houses/commercial?
Thoughts appreciated
[evo]we really need to know a lot more information in order to give you a decent answer.
For example what are you trying to achieve in property investment? What is your goal? Your timeline? Your investment preference/s? Your skills? and so on.
I would ask one key question – have you explored the possibility of using the equity from the existing property (rather than selling it) as a deposit for something else?
Derek
[email protected]
http://www.pis.theinvestorsclub.com.au
0409 882 958
Skype – derekjones2113Hi Getahead
Once you have considered what Derek said and still decide to buy, subject to budgetary constraints, I would avoid townhouse style developments and renter units in big complexes. My homework suggests that these have little capital growth opportunity compared to houses here on the coast and there are always plenty for sale (meaning that there is plenty of competition when you want to sell too). Having said that if it’s a great deal-then it doesn’t matter too much what you buy-The Gold Coast still has plenty of future potential if you buy right.markk
Happy Hunting
http://www.kentscollections.com
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