650K - BNE house or SYD apartment

What are people's views on which would be a better investment / capital gain for around 650K:
- Brisbane house and land (10-15km from CBD, 550-650m2 land size)
- Sydney 1b/1b/1car apartment (about 15-20kms from CBD (eg Killara), reasonable size 1 bed)

 

Brisbane IMO, good luck.

 

BNE

Remember their are sub markets within sub markets

 

Ceteris paribus - BNE sounds better as you would get a land component and probably more scope to value add in the future with better convenience (e.g. renovating an apartment sucks)

Historically 1 bedders have not enjoyed substantial capital gains relative to 2 or more bedroom places.. and are frustrating to hold in down times as well.

 

Just to throw another option in the ring, you can get a standalone house for that within 0-3 km ring of Adelaide cbd.

 

Please post link to the standalone houses 0.1km to the Adelaide cbd for 650k. I'm in.

 

I think your best option is Brisbane at the moment (although you could also have a look at am Adelaide house ridiculously close to the cbd i don't know a lot about that market).
With your budget you can buy something within 10 kilometres of the Brisbane CBD with side access, raising potential, and a decent backyard. In a few years we'll see some planning changes if you have a look at the South East Queensland regional plan and then you can do something with that land. In the meantime you should get steady capital gains because Brisbane houses are moving. I was on the ground yesterday. Things are tracking along nicely. With all of the huge infrastructure coming for Brisbane which I've posted about multiple times in other threads, I think in the medium term Brisbane's a pretty good bet for growth.
Third biggest city in Australia at a great price. Something's gotta change

 

Melbourne house

 

There's houses I manage in wayville, gooodwod and mile end that'd be worth that. Do a search, its more common than you think

 

Out of those 2 options it would be an easy choice for me. A Brisbane house but more likely 5-10 km from the CBD rather than 10-15km on 600m plus. You could possibly pick up a 3-4 bedroom place as close a 6km renting for $500-$550 per week in a good location.

 

I am on the same boat. Do you recommend any particular suburbs?

 

Would choose Brisbane house up to 8km from cbd, larger block land, something old needing a cosmetic reno and if possible bought bmv due to looking ugly. Then you cosmetically upgrade the s*** out of it. Turn it into a real home that ppl want there .

 

I like that idea but it would need to be rentable with low maintenance costs in the short term until such time when there are sufficient funds to do the necessary upgrade.

 

Yes well ideally you'd want to already have the money for a reno and negotiate and extended settlement with access to property to start reno if possible .