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?Annerley brisbane

Discussion in 'General Property Chat' started by Sarah T, 5th Oct, 2016.

  1. Sarah T

    Sarah T Member

    Joined:
    3rd Oct, 2016
    Posts:
    20
    Location:
    Sydney
    hi newbie first post here and never bought before. I've been renting for four years in south Brisbane and have 300k to buy a unit. Most of my friends will only spend $300-$350 in rent for a 2 bed, so these are the places I'm familiar with.
    I see there r 2 bed units going for 300k in Annerley. Most units are pretty old. Are they worth buying? I loved the location when I rented a house here.
    Or looking further afield in coorparoo, Holland park, garden city etc will b better? I know green slopes is popular on forums here, my husband rented there, but as a renter I never considered sifting thru this suburb to work out flooding, so chose neighbouring suburbs. Maybe no one else thinks like me as a renter?
    I have family to rent from us for a while so not worried about finding tenants.
     
  2. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,787
    Location:
    Perth WA
    What's your goal with this purchase? While it's easy to buy where you know, if it's purely an investment you're best off starting with the end in mind and let that determine your area.

    For eg, if you need capital growth will your area provide that? Are you happy with the rent return? Are you still happy with the rent return when rates are at 6 or 7 percent? Just a few thoughts to help you start filtering :)
     
  3. Big Will

    Big Will Well-Known Member

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    18th Jun, 2015
    Posts:
    1,570
    Location:
    Melbourne, Australia
    Flood Awareness Maps | Brisbane City Council

    Type the address and you will see
     
  4. Bran

    Bran Well-Known Member

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    At work
    Flooding is pretty easy to avoid in Greenslopes. I'd favour an old apartment there. (I lived in Annerley as well).

    Rezoning draft out this morning shows medium residential (up to 5 stories) running right along the freeway, centring near the busway. Something to keep in mind for future supply...

    There is an old unit in Drummond St thats in a good spot, although I haven't looked at it - it was also rezoned this morning to med res.
     
  5. Sarah T

    Sarah T Member

    Joined:
    3rd Oct, 2016
    Posts:
    20
    Location:
    Sydney
    OK good to know thanks. There's so much to learn before buying a place!
     
  6. Sarah T

    Sarah T Member

    Joined:
    3rd Oct, 2016
    Posts:
    20
    Location:
    Sydney
    Yes the drummond St properties look really good. Anyone had good dealings with Jeff Jones real estate? They're pretty big round there. I've had a tricky situation with them once with friends but it might have been because my friends didn't speak much English and rented out a very rundown unit so problems were inevitable.