Apartment/Unit in Brisbane vs House in Adelaide

I am a first time buyer looking for property to invest with budget up to 400k in either Brisbane or Adelaide. I know it is a good time to enter the market right now since the interest rate is historically low. My purpose is to buy and rent out the property since I'll be working oversea for couple years, I have been thinking about this quite a while but getting stuck since I just dabble in real estate recently. Can you help putting your two cents in ?

P/S: Properties that I am looking at in Adelaide is the northern suburbs , around Salisbury, Mawson Lakes and Woodville Garden. In Brisbane, pretty much around Woollongabba, Kangaroo Point, Annerley and Sunnybank.

 

In that budget you can get a house in Brisbane on a block with high density development zoning in place, within proximity to infrastructure & solid fundamentals.

In the recent times almost all of our investor clients have purchased development sites in Brisbane in the budget you're looking in

 

400k in Woodville Gardens wont get you much decent unless its a wreck, on a main road/train or a small block which has had it's rear split off

Avoid Mawson Lakes etc huge over supply, overpriced houses

 

Thanks for the comment Dave , what do you think of Salisbury ? It is a new development further north but not so sure about the rental market up there, can you give some opinions regards to who would rent out up there apart from UniSA students ?

 

Can you suggest some suburbs name ?

 

I cant talk for Brisbane as I'm not familiar, but for Adelaide you should only consider houses. Units are a poor investment choice here.

In terms of the suburbs you've mentioned: Salisbury is well under your budget and the other 2 are well over.

No idea what you mean here. Salisbury isn't a development, its predominantly 1960s houses. The rental market is quite strong - mostly blue collar workers or single parent families. Not sure what you meant by the UniSA bit as its not considered nearby.

You might want to have a read through the suburb reviews here : adelaide suburb review | PropertyChat

 

> In Brisbane, pretty much around Woollongabba, Kangaroo Point, Annerley and Sunnybank.

I own in Brisbane CBD because I'm a patient man. I've lived in 2 of the 4 suburbs you mentioned.

Woolloongabba & Kangaroo point both have a ridiculous number of apartments being constructed right now. Make of that what you will

Annerley is a fringe suburb, you'd be much better off finding a bit more cash and buying a freehold house there.

Sunnybank is china town, its 16km / at least half an hour out of the city, no coastal breezes & pretty average public transport. It is its own strange little property market because its propped up by foreign money.

Personally I think you'd be better off trying to go up to the $500-600k point where you can buy city fringe houses in brisbane (for the $$land$$) or looking further out.

 

Sailsbury has some good deals, west and south bris has great returns as well, The specific deal trumps the area IMO. hence why Nathan Birch outdid everyone else in the last 10