Join Australia's most dynamic and respected property investment community

300k Specialty

Discussion in 'Where to Buy' started by Inov8ive, 8th Oct, 2015.

  1. Inov8ive

    Inov8ive Well-Known Member

    Joined:
    17th Jul, 2015
    Posts:
    479
    Location:
    Sydney
    If you had 300k to spend on an IP that would deliver good cash flow and a decent outlook for growth, where would you buy? I am sure Logan will come to mind, and fair enough but am wondering if people are looking at any other areas with good all round prospects in this bracket?
     
  2. Magnet

    Magnet Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    247
    Location:
    Sydney
    Deception Bay
     
  3. 2FAST4U

    2FAST4U Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    912
    Location:
    Adelaide
    Adelaide- Salisbury region
     
    D.T. likes this.
  4. HUGH72

    HUGH72 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,117
    Location:
    FNQ
    Toowoomba, Albury, Adelaide and Logan.
     
    Inov8ive likes this.
  5. Inov8ive

    Inov8ive Well-Known Member

    Joined:
    17th Jul, 2015
    Posts:
    479
    Location:
    Sydney
    What is the yield like in this area? What type of dwelling?
     
  6. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,113
    Location:
    Brisbane
    Cairns.
     
    Inov8ive likes this.
  7. 2FAST4U

    2FAST4U Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    912
    Location:
    Adelaide
    Freestanding houses and the yield is anywhere from 5.5%-7% depending on the suburb.
     
    Inov8ive likes this.
  8. Inov8ive

    Inov8ive Well-Known Member

    Joined:
    17th Jul, 2015
    Posts:
    479
    Location:
    Sydney
    Definitely think there are some good opportunities in Radelaide!
     
  9. adrian_christian

    adrian_christian Well-Known Member

    Joined:
    27th Jul, 2015
    Posts:
    147
    Location:
    Mauritius
    I'd go ballarat before albury.
     
  10. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,391
    Location:
    Mt Druuiitt
    Mount Druitt. Oh wait, first you'll need a time machine lol.
     
    Frazz, pugstar205, JDP1 and 3 others like this.
  11. BuyersAgent

    BuyersAgent Well-Known Member Business Member

    Joined:
    19th Jun, 2015
    Posts:
    435
    Location:
    Oz
    Albury yes but I would spend less than 300k (or get 2 cheapies).
     
  12. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,567
    Location:
    Adelaide, SA
    You can get 150k places in Albury?
     
  13. BuyersAgent

    BuyersAgent Well-Known Member Business Member

    Joined:
    19th Jun, 2015
    Posts:
    435
    Location:
    Oz
    Not many but occasionally (and potentially rough) - the OP request was for cash flow.
     
  14. fols

    fols Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    146
    Location:
    Sydney
    Yeah I bought one last year for $110k.

    3 bed house. Rents for $200 / week.
     
    DanW, Dale and BuyersAgent like this.
  15. HUGH72

    HUGH72 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,117
    Location:
    FNQ
    Often ex HC it seems, I like the look of some of the good value small 3-6 Pack solid brick unit blocks that ocassionally pop up there.
     
    BuyersAgent likes this.
  16. adrian_christian

    adrian_christian Well-Known Member

    Joined:
    27th Jul, 2015
    Posts:
    147
    Location:
    Mauritius
    What are the PM fees and Council Rates like in Albury, is there a decent choice of PMs?
     
  17. JamesP

    JamesP Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    68
    Location:
    Melbourne
    Well if it was earlier this year, it would've been Sweeney Drive Estate Narre Warren.

    Homes were 280-320k there before March, in only 2 months the same homes are now going for 460-550k.

    I haven't seen anywhere better in Melbourne, ie. a 300k price range grow that much in only a space of 2 months.
     
  18. Tekoz

    Tekoz Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    1,244
    Location:
    Sydney
    That's sounds like high risk investing o_O ?
     
  19. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,502
    Location:
    Sydney
    Where? I like Albury. I will always stop there for a night before continuing on to Melbourne and do the same thing back to Sydney.
     
  20. hash_investor

    hash_investor Well-Known Member

    Joined:
    11th Oct, 2015
    Posts:
    912
    Location:
    Sydney / Canberra
    There are still gems like that in Melbourne area. Tarneit is one of them where you can still be lucky with a 300K house that rents for 300 /week.