QLD 1M budget where to buy

Looking for suggestions as to where to purchase for an IP with 1-1.2m budget in QLD, VIC, WA.

Prefer neutral or positively geared property with good capital growth, or something with subdivision/development potential. Relatively low risk tolerance.

Price has moved so much in the last 3 months and buying in this market is tough.

Thanks a lot.

 

what exactly does this mean?
You cant handle price falls? Rate rises? Limit to debt amount?

 

I’d look at Buderim on the Sunshine Coast. Buderim is on a hill with no available land. Low vacancy rates which should allow you to get a good yield. I believe it was the most searched suburb in all of Australia in 2021 as per realestate.com.

 

4152

 

4152? that isn't logan! are you trying to trick them?
or maybe you meant Hillcrest or Woodhill ?

 

1.2 mill? I am suggesting 4152 camp hill, Carina, Carina Heights, carindale.

No trickery.

I can't change my name, was born with it.

 

Prefer to go with a suburb that has a relatively steady growth.

Rate rise isn’t something we can control. Debt amount well-managed.

 

There are some places you can't go wrong.

10km out from cbd should be fine

 

Buderim is lovely. Thanks for the advice. Sunshine Coast has performed really well.

 

Yes I like 4152. Can never go wrong with this area.

 

Buy somethung like this

https://www.realestate.com.au/property-house-wa-shelley-138032170

 

What areas has your research lead you to?

 

https://www.realestate.com.au/property-house-qld-urangan-138189818

 

Southeast Melbourne, far from cbd. I think opportunity will be later this year for melbourne purchase. If interest rate goes to 4% there should be some good deals in the market.

Middle ring brisbane, some suburbs in Gold Coast, at the moment priced out for most of Sunshine Coast. Brisbane and sunny coast are both safe choices.

There are relatively more choices in Perth with lower budget. Still doing more research at the moment. For location I think anything between casino, cbd, and airport should be good. But for lifestyle it’s anything by water.

Got a lot of inspiration and insights from this forum, and saved heaps of time doing research suburb by suburb. Highly appreciated!

 

Wow this one ticks all boxes. Close to all amenities and water. Thanks a lot for sharing.

 

Have you purchased any in Urangan? Would you mind to share some experience about the rental market please? I prefer long term hold and forget.

 

Vacancy rate across Hervey Bay has been around 1% for the last 18 months and I don't see this changing for the foreseeable future either:

SQM Research - Property - Residential Vacancy Rates - 4655

Currently only two detached houses to rent in Urangan:

https://www.realestate.com.au/rent/...false&misc=ex-deposit-taken&source=refinement

A bit of price movement too:

SQM Research - Property - Weekly Asking Property Prices - 4655

 

Vacancy rates across the ENTIRE of Brisbane are at record lows. Every single damn house I put on rent over the past 12-18 months have rented straight after the first open and with 10+ applications on each house with around 5 or so very very good tenants. Even in Ipswich I had a huge amount of interest and applications.

 

I do not think for a moment the Aristocrats in charge will ever allow interest rates to go up again at 4-5% allowing people again to save money in banks and living off interests like used to be. Interest rates all around the world, looking at history, stayed very low once reached rock bottom. I see more a little rise to 1-2% max and in a long, stretched out, period.

 

I bought in Chapel Hill for just under $1M last year - though looking at current stock there’s not much available under $1.2M - maybe in a few weeks more houses will come up around that price point…

Rented it out pretty quickly, good owner occupier % and close to CBD (15km)