I registered for this website just today but already found many useful tips.
Importantly, I feel the participates are very generous on giving their thoughts so I
decide to seek help for an investment decision that has been troubling me at the moment.
I have the finance ready for a $850K property.
The question is where/what to buy.
My self-education towards buying in suburbs of the capital cities closer to the CBD and with strong capital growth.
I’m in Brisbane so the first thing came to my mind is a house in a good suburb that near Brisbane CBD.
On a second thought, recent years have seen the two bigger cities experiencing capital growth much greater than Brisbane. However, $850K would not be sufficient for a house in the inner city suburbs of Sydney or Melbourne, but only a unit/villa/townhouse with less land component.
So a house in Brisbane Vs a unit/villa/townhouse in Mel/Syd.
I know there won’t be a clearcut answer to which one is better, what I’m looking for is some insight on
the pro and con for each option and possibly some other reasonable options that I didn’t know of.
Thanks in advance!
Maxdaniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120
Is the property for investment ?
Have you thought about buying possibly out of the cbd say 25-35 km you might be able to pick up 3 properties as composed to just buying one ? Food for thoughtEthan TimorParticipant@ethantimorJoin Date: 2016Post Count: 282
I think we need to know more about your strategy. Is it “buy and hope” or plan to manufacture growth somehow?
Thanks for your message.
It is for investment.
Thanks for you message.
I’m on a buy and hope strategy.Ethan TimorParticipant@ethantimorJoin Date: 2016Post Count: 282
Thanks for you message.I’m on a buy and hope strategy.
That strategy is honestly completely out of my area of ‘expertise’ as an investor.
Generally speaking, as I’m sure you know, the only way you’ll see a profit is if the local market where you’ll buy will rise and/or if you’ll buy under market (vendor that has to sell etc).
So, which area do you think will do better over the next x years that your strategy is aiming at?
Personally, I don’t have a crystal ball so I have no idea which of the three capitals will perform better over the next x years, not to mention which suburb.
Hope this helps and sorry I couldn’t help more 😕BallerinaParticipant@ballerinaJoin Date: 2011Post Count: 63
Your budget is rather big. Maybe if you buy a house in Brisbane (more growth potential) and unit in regional town (higher rental yield)…. To spread your risk.
Of course, only you know your numbers