Forums / Property Investing / Help Needed! / Where to invest in Brisbane area under $500k for futre growth potential ?

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  • Profile photo of SiteManagerSiteManager
    Participant
    @sitemanager
    Join Date: 2015
    Post Count: 56

    Hi,

    I wonder if anyone here already or started investing for longterm Capital Growth in Brisbane area with the budget of maximum $500k
    where should I invest for that limit with the potential growth and subdivision later on in the future ?

    The reason I ask this is because rather than investing in new House & Land package in a far-far away suburbs like Park Ridge and Crestmead, I chose to invest in the existing property with land size greater than 500 sqM for Granny Flat potential (Dual Income).

    Thanks.

    SiteManager

    Investing for a better future

    Profile photo of Chris WhiteChris White
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    @chris-white
    Join Date: 2006
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    The only councils that allow dual income properties to be rented independently are Ipswich and Logan Councils and soon to be Moreton Bay.

    Chris White | Pillar Property
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    Profile photo of Richard TaylorRichard Taylor
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    @qlds007
    Join Date: 2003
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    Would avoid the new house & and packages as you can do very well in other suburbs with a lower cost base.

    Been buying some excellent properties sub 400K for forum clients with the opportunity to increase both income & capital growth over time.

    Cheers

    Yours in Finance
    0-40 Properties in a decade. Email me for a copy of my API interview.

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
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    Profile photo of ajayayyarajayayyar
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    @ajayayyar
    Join Date: 2005
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    Hello,

    I would suggest Logan City – suburbs like Eagleby, Beenleigh.

    These suburbs are in the middle of Brisbane and Gold Coast city – offering prices in the range from $200k-$250k. You could get rent around $250-$300 p/w if you do your research.

    I am in NSW but I believe Logan is underpriced and has capital growth potential, and good rental yield.

    Best regards,
    Ajay

    Profile photo of SiteManagerSiteManager
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    @sitemanager
    Join Date: 2015
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    Cool, many thanks people.

    But somehow when reading this latest article, it says that South East QLD growth is slow http://www.smartpropertyinvestment.com.au/news/14582-investors-warned-about-property-hotspot

    Logan and Ipswich they’re in SEQ ?

    SiteManager

    Investing for a better future

    Profile photo of RynoRyno
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    @lanercost
    Join Date: 2015
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    I purchased my IP in Ipswich. I heard mixed reviews however it was the most affordable area for me to start getting a good return. I paid $230k and getting $300 rent.

    My financial advised me to go QLD so I looked and Ipswich was where I felt was best to buy.

    Why?? Affordability and a decent rent return was one but my main reason was long term growth for the area. Iv livef in Western Sydney all my life and see the changes. Now Ipswich is in a similar scenario what will it be like in 20 years? Just my guess.

    Profile photo of RedwoodRedwood
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    @redwood
    Join Date: 2013
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    Hi Ryno – I would not invest in Ipswich – its 40 km from Brissy and over an hour by train. Not sure on the growth aspects for next 20 years either. Affordability and rental return maybe however Spruikers have heavily promoted Ipswich with dual occ stock generally overpriced. This is already priced into the area and my concern is distance to brissy.

    Question: Your advisor recommended a property for you? if yes, did they sell the property to you? if yes, ask them about their commission earned.

    Cheers Ivan

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    Profile photo of RynoRyno
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    @lanercost
    Join Date: 2015
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    Hey Ivan thanks for you feedback thats much appreciated. Its always good to hear people’s opinions im still learning so its great read to read what people are thinking.
    My advisor had no impact in the property I purchased. I was given how much I could borrow and he only advised me on QLD. I actually nearly bought in Orange but the weekend we went to look at it was put on offer. I eventually found what I have now. I have heard different opinions of the area but I am still happy with my purchase. If its anything like Western Sydney it eventually has to expand.

    Profile photo of RedwoodRedwood
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    @redwood
    Join Date: 2013
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    Good to hear Ryno – all the best with it mate, lets check back in 5 yrs with some fantastic news!

    Cheers, Ivan

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    Profile photo of #Planning Permit#Planning Permit
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    @planning
    Join Date: 2014
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    500K could get you started in Melbourne- the place to invest in.

    #Planning Permit | AuArchitecture
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    Profile photo of SiteManagerSiteManager
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    @sitemanager
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    500K could get you started in Melbourne- the place to invest in.

    @#Planning Permit where about in melbourne ? is it Cranbourne region ?

    what about Park Ridge QLD 4125 ? it is now starting to become top 9 in QLD state, it is starting from $300k for 2 bedroom house with 313 Sq Meter.

    http://www.whichinvestmentproperty.com.au/best-suburbs/fastest-growing-suburbs –> As at today 22nd September 2015

    • This reply was modified 3 years, 11 months ago by Profile photo of SiteManager SiteManager.

    SiteManager

    Investing for a better future

    Profile photo of Chris WhiteChris White
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    @chris-white
    Join Date: 2006
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    what about Park Ridge QLD 4125 ? it is now starting to become top 9 in QLD state, it is starting from $300k for 2 bedroom house with 313 Sq Meter.

    You have to be careful with these figures – i.e. growth in median prices does always not = actual house price growth. There are a lot of new properties being developed and sold in Park Ridge which pushes up the median sales price but that doesn’t mean that all folk achieved 18% growth on their properties in Park Ridge.

    I think you can do better than a new or OTP property in park Ridge on 350sqm.

    We have purchased properties on 1000sqm not far away for $330k a few months ago that are now selling for $370k+

    Chris White | Pillar Property
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    Profile photo of #Planning Permit#Planning Permit
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    @planning
    Join Date: 2014
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    Werribbe, Geelong is Victoria’s hottest untapped area now with State Govt new vision. Cranbourne, Narre Warren are good too.

    #Planning Permit | AuArchitecture
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    Profile photo of RedwoodRedwood
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    @redwood
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    Werribbe, Geelong is Victoria’s hottest untapped area now with State Govt new vision. Cranbourne, Narre Warren are good too.

    Would not touch Werribee or Geelong – Werribee is a spruiker haven at the moment particularly with H&L and the valuations are coming in very very low…

    Cheers Ivan

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    Profile photo of gdumesnygdumesny
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    @gdumesny
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    Hi Ivan,

    I think this comment needs clarification.

    Werribee itself is not spruikers heaven. It is a very old area with home 50-80 years and not much free land at all – more or less bound by the Ballan Road, Werribee River, Heaths Road and the Princes Freeway as far as Skelton Creek (older part of Hoppers Crossing in this patch). Some areas are classified by the National Trust – Carter Cottages. Over the years it has had good manufactured growth opportunities and still does. Generic growth has just been steady for a number of years now. Also older parts of Hoppers Crossing have provided good refurbishment opportunities over the years – along the Metro line from Werribee

    You are correct with H&L in the areas north of Sayers Road (i.e. Tarneit, Truiganina), west of Tarneit Road and east of of Skelton Creek. I would stay clear of that as there is years of land out there.

    http://www.maplandia.com/australia/victoria/wyndham/werribee/

    All the best Geoff

    Profile photo of #Planning Permit#Planning Permit
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    @planning
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    Well said Geoff!. I was a Toorak man but found South Werribee very exciting- great opportunities lie ahead. A colleague in my Toorak days once said – going to Werribee? Make sure you wind up yor windows! I asked- are you still driving a non electrified car?

    #Planning Permit | AuArchitecture
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    Profile photo of SiteManagerSiteManager
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    @sitemanager
    Join Date: 2015
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    what about Park Ridge QLD 4125 ? it is now starting to become top 9 in QLD state, it is starting from $300k for 2 bedroom house with 313 Sq Meter.

    You have to be careful with these figures – i.e. growth in median prices does always not = actual house price growth. There are a lot of new properties being developed and sold in Park Ridge which pushes up the median sales price but that doesn’t mean that all folk achieved 18% growth on their properties in Park Ridge.
    I think you can do better than a new or OTP property in park Ridge on 350sqm.
    We have purchased properties on 1000sqm not far away for $330k a few months ago that are now selling for $370k+

    @chris,

    Ah I see, so do you mean not far away from Logan City council or Ipswich city council ?
    Because when you mention property sub $400k it is hard to find house within 10KM of brisbane CBD ring.

    SiteManager

    Investing for a better future

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