QLD Brisbane my top picks and why

Discussion in 'Where to Buy' started by seanbrissy, 2nd Nov, 2015.

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  1. Azazel

    Azazel Well-Known Member

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    Hi @seanbrissy , welcome aboard.
    Are you familiar with any of the Northside suburbs?
     
  2. seanbrissy

    seanbrissy Well-Known Member

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    100% agree, Brisbane is not serviced well by public transport, not to mention the costs. Having said that it is still widely used by many people, and property located close has the added CG potential benefits due to rezoning.
     
  3. seanbrissy

    seanbrissy Well-Known Member

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    Hi Azazel,

    Yes I am
     
  4. mja

    mja Well-Known Member

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    I don't know, there aren't too many choices of houses in the CBD. :D
     
  5. larrylarry

    larrylarry Well-Known Member

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    There's a north lakes v griffin thread. What are your thoughts on north lakes, mango hill and surrounds?
     
  6. seanbrissy

    seanbrissy Well-Known Member

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    Hi Larry,

    Depends on your goals?
    • Are you looking for an OO?
    • Capital Gains
    • Yield?
    • and what's your budget?
     
  7. larrylarry

    larrylarry Well-Known Member

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    IP.
    CF 6-7%.
    $450-500k.
    Free standing house.
    Ready to rent out. Value add later.
     
  8. JDP1

    JDP1 Well-Known Member

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    Public transport is comparatively expensive. But so is parking in the CBD. Even the early bird rates are not that cheap.
     
  9. seanbrissy

    seanbrissy Well-Known Member

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    North Lakes certainly ticks all those boxes, you will get a relatively new house ready to rent with little maintenance work. From a CG point of view now that's a different question and that comes down to supply and demand, take a look on real estate.com to see how much supply there is.... Directly across the highway is Kallangur which is the same distance to the CBD, has access to all the same facilities and infrastructure and new rail, similar houses sell for 50-100k cheaper. No I'm not saying North Lakes is a bad investment ,it just doesn't fit my own criteria for investment purposes.
     
    Taku Ekanayake and larrylarry like this.
  10. larrylarry

    larrylarry Well-Known Member

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    So is mango hill with lots of h and l packages.
     
  11. Gockie

    Gockie Life is good ☺️ Premium Member

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    There's a thread on that and it loudly and clearly points to not buying an apartment in the CBD. Reason? Massive oversupply. So I would listen to the OP on this.
     
  12. Bigmaan

    Bigmaan Active Member

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    Hey Seanbrissy

    No mention of any Ipswich LGA suburbs ? I recently purchased in Bellbird park after looking at Augustine Heights, Springfield lakes and Brassall. Nice areas..... Well at least I hope so. Still only 30 minutes I believe from CBD...
     
  13. Azazel

    Azazel Well-Known Member

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    But of course as a Southsider, you only buy on the Southside ;)
     
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  14. Rich2011

    Rich2011 Well-Known Member

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    Which station are you referring to?
     
  15. seanbrissy

    seanbrissy Well-Known Member

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    Hi Azazel,
    There is potential to make money anywhere in Brisbane, I've owned properties on the Northside and know the area well. I personally like North and South due to close proximity to both highways and infrastructure. I manage all my properties myself so like to keep them close to arrange inspections, attend to maintenance issues etc.
     
  16. seanbrissy

    seanbrissy Well-Known Member

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    Woodridge?
     
  17. Rich2011

    Rich2011 Well-Known Member

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    Interesting bunch of shops those, servicing mainly the locals...
     
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  18. Azazel

    Azazel Well-Known Member

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    Have you had any issues with self managing, or do you count it as part of the learning process?
     
  19. Phantom

    Phantom Well-Known Member

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    Hey @seanbrissy welcome to PC.

    Alot has been said about all areas having good and bad tenants and that the area doesn't really dictate if you'll have trouble tenants or not. In your experience, having IPs in places like Woodridge and then also having IPs in Algester and Rochedale South, do you find that is it true and all areas can have trouble tenants?Or is it in fact the case where the lower socioeconomic areas made life a little harder in reference to the tenants?
    I know most people people would say it doesn't matter if you have a good PM blah blah. But your portfolio is decently spread around the south and you say you have owned in the north before so just want to get your opinion. :)
     
  20. seanbrissy

    seanbrissy Well-Known Member

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    Hi all,

    Regarding tenants I take this approach

    Property is merely a "vehicle" which can drive personal wealth, tenants are the ones "driving" that vehicle to arrive at your destination. Look after your tenants and they will happily drive that "vehicle" for you.

    I have personal rapport with all my tenants, and could knock on the door and walk in for a coffee with anyone of them at any given time. I've also turned "bad" tenants into good ones. Of course you will always get that one "horror" tenant but I meet all my potential tenants before hand, do my DD , and tend to think i have a good judge of character. Treat them with respect, and make sure you communicate everything especially if you are going to increase the rent ;)
     
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