QLD Brisbane Metro or Gold Coast?

The GC has the bright lights, bars, beaches and babes!

Brisbane has the jobs, population, stability.....you get the drift.

Which would you pick for your next IP and why?

 

I bought in Brisbane, not the GC.
I would still have a bit of a look.

 

I am currently buying in both. In the Gold Coast, houses have really started to move recently and I believe that there will be some great growth in the next three years but you definitely need a solid exit strategy. Brisbane is gradually moving north and if you can get a quality house or townhouse within the 10k radius of the CBD you will be doing well for a long term buy and hold. Don't touch apartments in either location unless it is a super buy.

 

I am looking at a total budget of $600k so I'm thinking I might be best getting a close to Brisbane City as possible, I don't want to deal with strata, it can be expensive and a headache when they need to raise additional levies.

 

as you correctly said both have pros and cons.
bars, beaches and babes are huge draw...but id say that history has shown that in the long run, the jobs, stability, and economic strength almost always wins. eg Sydney and Mel...assuming you after CG and that you are a buy n hold/long term investor.

 

I would prefer a buy and hold and I don't have great cash flow so was leaning toward Brisbane. Just have to read up on how to buy up there now, getting up for physical inspections will be tricky for me

 

Check out areas like Everton Park, Stafford Heights, Mitchelton, Stafford - post war homes on good blocks of land in $500K - $600K range... can add value and they rent well

 

The right locations on the Gold Coast are likely to go up WAY more than Brisbane. Mermaid beach. Broadbeach waters. Mermaid waters. Nobby beach. Miami. Burleigh. It's simply due to limited supply and increasing demand as the population grows and as every one fears "missing out on the dream". Also the coasts population growth and the inevitable rezoning and relaxation of building planning to accomodate denser housing will also provide massive upside. Then there's all the other stuff - casinos, light rail, international airport and increasing overseas direct flights. Massive Asian investment both developers and buyers. A huge marketing push coming which will raise awareness. The com games. The Tom Tate effect. The list goes on.

I'm predicting Brisbane metro to rise 8-12%pa over next 3 years.

I'm predicting premier locations on the Gold Coast to rise 20-25%pa next 3 years. Just wait and see...

 

All subject to markets within markets in both locations. Picking winners is always tough no matter where...however I'd venture a guess that the probability of picking a winner in brisbane is greater vs the GC...eg look at Sydney back in the day...picking a winner there was easy..

 

Definitely the Gold Coast.

 

Have one foot out of the Brissie for now....the Southern states and the Wild Wild West beckons....

 

VIC, TAS and WA?

 

VIC...WA...SA......have not Sayonara to Brissie yet...will leave the map of Tassie all to Cliff....

 

I like your arguments....tough decisions.

 

Will do, I don't mind getting into the renos, just a bit more difficult interstate so I'm hoping I can pick something up that'll achieve average rent until I can get up there to make a few improvements

 

Gold Coast does boom when it goes but it is volatile. Not for the inexperienced. Brisbane is certainly safer for long term but I agree that you can make quick money on the GC if you buy the right property right now. A house in Labrador/Southport would definitely be my advice.

 

We have supported a few interstate investors undertaking mini Reno's in preparation for sourcing quality tenants...ensure when you undertake a pest and building inspection to also source a sparkys assessment to avoid unpleasant post purchase surprises such as illegal and outdated wiring ...you can negotiate down asking price to address such matters

 

Where do you see increased employment coming from outside tourism?

 

With tourism we get both increased total number of spending population as well as those supporting them employed in the service industry (whether hotels, retail, attractions, dining, entertainment etc).

But beyond employment generated by tourism there is big growth ahead for the many in the construction industry. Not just the many labourers, contractors etc, but also all that support this, be it accountants, lawyers, engineers, mechanics, architects, not to mention people in advertising and sales. And remember this is not just apartment construction. It's also house knockdowns and rebuilds in a big way. But way beyond that it the many massive think big infrastructure projects that are in the pipeline.

All of the above will ramp up over the next 5 years. It's really the equivalent of the mining boom we saw in terms of the massive growth coming.

Then we have employment in other areas also coming. Education. Medical services. The movie production industry. IT startups. And longer term, hopefully, more commercial companies setting up regional or branch offices on the Coast.

Added to all of this is also the Airbnb effect which will massively ramp up next 5 years. There will be thousands of home owners earning incomes that they right now are not earning which also is arguably a type of "employment". That won't show up in official numbers but it will produce income that flows into the economy not to mention increasing property yields.