480k - where to invest?

Discussion in 'Where to Buy' started by wannabe, 13th Sep, 2017.

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  1. wannabe

    wannabe Member

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    Location:
    Sydney
    We have enough equity to purchase a 480k property.

    Where / what would you invest it in?
    From reading in the forum, Brisbane / Hobart seem to be the hot spots.

    Would it be worth waiting a few months and invest in Sydney?

    We're in it for the long term and are interested in capital gain rather than cashflow.
     
  2. Stoffo

    Stoffo Well-Known Member

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    In the Tweed
    I hear the Cann River Hotel is for sale..........
     
  3. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    You may want to wait to invest in Sydney for a few years :)

    The rental yield is very low in Sydney, and will take a while to come back up. Long term you will be OK buying in Sydney - but in the mean time, you will need to fund the negative cash flow, and potentially have no capital growth for a very long time.

    Between Hobart and Brisbane, I would personally go for Brisbane.
     
    Rich2011 likes this.
  4. google boy

    google boy Well-Known Member

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    t hear the indian Nepalese restaurant is on sale in brighton, vic.
     
  5. Tom Rivera

    Tom Rivera Property Manager Business Member

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    I've seen more of a Melbourne vs Brisbane vibe on the forums lately.

    Melbourne seems to be seeing some strong growth in certain areas, but I think South East Queensland is a really strong bet for the mid to long term. As to where you'd buy in SEQ, $480k gives you a huge variety of options, I'd be taking a look at detached dwellings (houses) all over the place.
     
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  6. wannabe

    wannabe Member

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    Am I missing a joke?
     
  7. Westie

    Westie Well-Known Member

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    @wannabe You should be able to find a property in Werribee for sub-480k.
     
  8. Stoffo

    Stoffo Well-Known Member

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    Not really.
    But spend enough time here and you will see there is always one (or 30) trying to be funny :p

    Your question is more of a "how long is a piece of string" question :rolleyes:

    Everyone will tell you to do your own Due Diligence, and that what suits one investor wont suit the rest, it all comes down to you and your circumstances....
    But when you find it, you will know (after bouts of buyers regrets).

    "IF" there was a particular house or area worth buying into, Id be buying it, then hyping the area to get my own CG o_O

    Lots of threads to read
    Welcome btw :D