Brisbane or Adelaide?

What are your goals? Cash flow short term growth long term security etc

I’m currently purchasing in Adelaide at the lower end of the market for cash flow and a bit of sweat equity. I think Adelaide will be a steady performer. I haven’t looked much at Brisbane as I think the ship has already sailed for. If you end up looking at Adelaide DT and Corey Batt from on here are locals so maybe pick their brains for information. Good luck with it all :)

In that price bracket Adelaide is going to certainly trump Brisbane on yield. Capital growth is speculation, but we’ve already seen strong growth in Brisbane so it’s a case of asking whether you’re coming late to the party if buying there now. Adelaide has come from a point of a previous correction after it’s last boom and bouncing for a few years, it’s now seeing strong upswings in the inner suburbs and slowly flowing out to the outer areas (ie the <300k cash flow areas).

Be careful to still look for quality properties when looking in these areas – you want to avoid the temptation of trying to gain that extra 0.2% yield and taking a massive drop in quality of property, tenant and growth outlook.

Every man and his dog is doing it Colin, so generally there’s little if any good returns for the most part.

Pretty much Colin – the value in buying in Adelaide right now is for your general buy and hold properties – where you can get some good strong returns and upward capital values.

Perth will be an interesting market to watch when it starts bottoming from its current slump, an area I’ve got an eye on.

I have a I/P in the Adelaide Hills (30mins from the CBD) in a fast growing area.
Yearly rent = $16,900. Estimated value = $305,000 – $310,000 so getting good rental yield.
A number of properties around it are been bulldozed & 2 houses put on the blocks.

Not sure if I should hang on or get out and use the funds for a new PPOR.

It is in Mt Barker. Close to the town centre, schools, etc.

However I am looking at a PPOR in Bridgewater.