QLD Brisbane (Inner Ring) - Where to find the best yield apartment IP?

Discussion in 'Where to Buy' started by cube3, 27th Apr, 2022.

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  1. cube3

    cube3 Well-Known Member

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    Hello PropertyChat

    I'm looking for a resi apartment IP in Brisbane. Where would people recommend provides the best yield/positive geared specific (irrelevant of CG) apartment IP properties? I have been steered towards the Brisbane CBD area (ie Newstead etc)

    any thoughts would be much appreciated
     
    cube3, 27th Apr, 2022
    #1
  2. sash

    sash Well-Known Member

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    I am biased...but have a look at Moorooka/Annerley areas.

    You can still buy just under 400k (may need reno) and still get a 4.8-5% return....just. Things are moving in the unit market very strongly now due to affordability and the lack of supply in some markets like the ones I have suggested.

    Places like Newfarm, Newstead, Tenneriffe have moved much more.
     
    sash, 27th Apr, 2022
    #2
  3. cube3

    cube3 Well-Known Member

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    I have noticed that there seems to be a lot of availability in Newstead for rental units (1-2 bedders). Is vacany an issue in Brisbane CBD area at the moment?
     
    cube3, 27th Apr, 2022
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  4. sash

    sash Well-Known Member

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    Not to my knowledge..when I re-rented my Moorooka one this year it took just under 2 weeks. Usually it couple of weeks (2-3).
     
    sash, 27th Apr, 2022
    #4