300k Specialty

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

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  1. Inov8ive

    Inov8ive Well-Known Member

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    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?
     
    Inov8ive, 8th Oct, 2015
    #1
  2. Magnet

    Magnet Well-Known Member

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    Deception Bay
     
    Magnet, 8th Oct, 2015
    #2
  3. 2FAST4U

    2FAST4U Well-Known Member

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    Adelaide- Salisbury region
     
    2FAST4U, 8th Oct, 2015
    #3
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  4. HUGH72

    HUGH72 Well-Known Member

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    Toowoomba, Albury, Adelaide and Logan.
     
    HUGH72, 8th Oct, 2015
    #4
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  5. Inov8ive

    Inov8ive Well-Known Member

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    What is the yield like in this area? What type of dwelling?
     
    Inov8ive, 8th Oct, 2015
    #5
  6. Azazel

    Azazel Well-Known Member

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    Cairns.
     
    Azazel, 8th Oct, 2015
    #6
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  7. 2FAST4U

    2FAST4U Well-Known Member

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    Freestanding houses and the yield is anywhere from 5.5%-7% depending on the suburb.
     
    2FAST4U, 8th Oct, 2015
    #7
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  8. Inov8ive

    Inov8ive Well-Known Member

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    Definitely think there are some good opportunities in Radelaide!
     
    Inov8ive, 8th Oct, 2015
    #8
  9. adrian_christian

    adrian_christian Well-Known Member

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    I'd go ballarat before albury.
     
    adrian_christian, 8th Oct, 2015
    #9
  10. datto

    datto Well-Known Member

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    Mount Druitt. Oh wait, first you'll need a time machine lol.
     
    datto, 8th Oct, 2015
    #10
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  11. BuyersAgent

    BuyersAgent Well-Known Member Business Member

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    Albury yes but I would spend less than 300k (or get 2 cheapies).
     
    BuyersAgent, 8th Oct, 2015
    #11
  12. D.T.

    D.T. Specialist Property Manager Business Member

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    You can get 150k places in Albury?
     
    D.T., 8th Oct, 2015
    #12
  13. BuyersAgent

    BuyersAgent Well-Known Member Business Member

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    Not many but occasionally (and potentially rough) - the OP request was for cash flow.
     
    BuyersAgent, 8th Oct, 2015
    #13
  14. fols

    fols Well-Known Member

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    Yeah I bought one last year for $110k.

    3 bed house. Rents for $200 / week.
     
    fols, 8th Oct, 2015
    #14
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  15. HUGH72

    HUGH72 Well-Known Member

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    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.
     
    HUGH72, 8th Oct, 2015
    #15
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  16. adrian_christian

    adrian_christian Well-Known Member

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    What are the PM fees and Council Rates like in Albury, is there a decent choice of PMs?
     
    adrian_christian, 9th Oct, 2015
    #16
  17. JamesP

    JamesP Well-Known Member

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    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.
     
    JamesP, 10th Oct, 2015
    #17
  18. Tekoz

    Tekoz Well-Known Member

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    That's sounds like high risk investing o_O ?
     
    Tekoz, 16th Oct, 2015
    #18
  19. larrylarry

    larrylarry Well-Known Member

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    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.
     
    larrylarry, 16th Oct, 2015
    #19
  20. hash_investor

    hash_investor Well-Known Member

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    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.
     
    hash_investor, 16th Oct, 2015
    #20
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