QLD 400k budget- Brisbane IP. House v Townhouse

Hi all

We have a budget of 400k to buy an IP in Brisbane. So my question to the brains trust is with 400k do we:

A) get a house on a good sized block a fair distance out from the CBD eg Petrie or Loganlea

B) get a townhouse much closer to the CBD eg Carina Heights

C) buy a unit in Brisbane region for approx 200 and another elsewhere like Ipswich approx 200.

We are wanting close to neutrally geared and (like everyone else) good prospects for growth.

Thanks!!

 

Hi @Cambridge

I'd be inclined to go with option A, followed by Option B. With Option B - what is the supply like for townhouses? If going for strata properties, then look for something which is in smaller boutique complexes. In Brisbane, some of these townhouse complexes have 100s of them - making it challenging from a growth point of view and rental as well.

 

Good advice.

We are keen on Option A however note that many on this forum and elsewhere advise to be closer to the CBD, especially in a city like Brisbane where commutes are generally much shorter than say Sydney.

 

I'd go option D: increase the budget by 50-100k ( if possible at all) and buy an older house closer to the CBD. I just wouldn't be buying so far from the Brisbane CBD. I think when all is said and done, medium to long terms the closer to the CBD the better and the lower overall risk imo.

Look at Bald Hills for example . DYOR.

 

Bald Hills is on the list, as is anywhere on the train line from the CBD through to Petrie. I would love Option D but we just can't do it. 400k is our limit unfortunately.

 

Bald Hills is becoming popular. This is the third time it is mentioned on this forum in a week.

 

I was just about to type this exact same question as the OP. I'd love to hear what direction you ended up going here. I'm currently leaning more towards a townhouse to be closer to the CBD with a focus on neutrally gearing and as best as possible.

 

Land appreciates, buildings depreciate. Get as much land as you can.

 

'In demand' land appreciates well . Not just any land. Plenty of land around oz rotting in the sun and worthless .

 

And there are certainly plenty of townhouses that will do better than some houses over the next 5 years. But the houses next door to the townhouses that do well will do even better

 

Why Baldhills become so popular on the forum now days? That is not middle ring, isn’t it outer ring? Attention is given becz it was mentioned by Terry? I missed the conversation here and try to catch up? The property prices look similar to Petrie, Kallangur..

 

Balls hills was only given as an example and to a tight budget. I'd be looking for value as close to the cbd as possible, house on larger lot. Budget permitting . With add value potential even better.