Brisbane House or Melbourne Unit with $850K budget

Viewing 7 posts - 1 through 7 (of 7 total)

Max
Participant
@zoldlady
Join Date: 2017
Post Count: 3
January 8, 2017 - 4:39 pm
Hi Guys
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!
Max
daniel vic
Participant
@daniel-vic
Join Date: 2013
Post Count: 120
January 9, 2017 - 5:19 pm
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 thought
Ethan Timor
Participant
@ethantimor
Join Date: 2016
Post Count: 282
January 14, 2017 - 11:24 am
Welcome, Max!
I think we need to know more about your strategy. Is it “buy and hope” or plan to manufacture growth somehow?
Ethan Timor | Aligned Finance Pty Ltd
http://www.alignedfinance.com.au/
Email Me | Phone Me
Active Investor & Broker; Based in Northern NSW, servicing Australia wide; Author of '34 Proven Ways to Maximise Your Borrowing Power' (download free from our website)
Max
Participant
@zoldlady
Join Date: 2017
Post Count: 3
January 14, 2017 - 10:22 pm
Hi Daniel
Thanks for your message.
It is for investment.
Max
Participant
@zoldlady
Join Date: 2017
Post Count: 3
January 14, 2017 - 10:24 pm
Hi Ethan
Thanks for you message.
I’m on a buy and hope strategy.
Ethan Timor
Participant
@ethantimor
Join Date: 2016
Post Count: 282
January 15, 2017 - 6:15 pm
Max wrote:
Hi Ethan
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 😕
Ethan Timor | Aligned Finance Pty Ltd
http://www.alignedfinance.com.au/
Email Me | Phone Me
Active Investor & Broker; Based in Northern NSW, servicing Australia wide; Author of '34 Proven Ways to Maximise Your Borrowing Power' (download free from our website)
Ballerina
Participant
@ballerina
Join Date: 2011
Post Count: 63
January 16, 2017 - 3:27 pm
Hi Max
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