Buying a Property In Brisbane

Discussion in 'The Buying & Selling Process' started by MelbInvester, 3rd Aug, 2015.

Join Australia's most dynamic and respected property investment community
Page 4 of 4
  1. CU@THETOP

    CU@THETOP Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    233
    Location:
    Brisbane
    Current entrepreneur owners purchased for 750k on 5/6/14 and sells a year later at 960k. A yuppie and their money are soon parted I suppose. RP data lists the property as Teneriffe so calling it "New Farm" may have added an extra 100k.
     
    Last edited: 16th Aug, 2015
    CU@THETOP, 16th Aug, 2015
    #61
    Tekoz likes this.
  2. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    I actually thought there was a mini Barrier Reef somewhere when I first moved to Brisbane when I heard people saying "Tenner Reef".
     
    Azazel, 16th Aug, 2015
    #62
    Sackie likes this.
  3. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,059
    Location:
    Vaucluse, Sydney.
    Don't worry..until recently i suggested there were ocean views in Arizona :D:eek::oops:
     
    Sackie, 16th Aug, 2015
    #63
  4. Toon

    Toon Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    541
    Location:
    Victoria
    That's just a future prediction by TOOL isnt it? ;)
     
    Toon, 16th Aug, 2015
    #64
    S.T likes this.
  5. MelbInvester

    MelbInvester Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    113
    Location:
    Melbourne
    HI Bryan,

    Primary reason, i'm paying 5K plus land tax in Victoria and buying one more lead to 9K plus.
    After reading SS found lot of them were purchased in South side of QLD.

    So i'm looking something under 600K to add to my assets and looking for CG.


    MI
     
    MelbInvester, 17th Aug, 2015
    #65
    Bryan Loughnan likes this.
  6. MelbInvester

    MelbInvester Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    113
    Location:
    Melbourne
    MelbInvester, 19th Aug, 2015
    #66
  7. JacM

    JacM VIC Buyer's Agent - Melbourne, Geelong, Ballarat Business Member

    Joined:
    12th Jul, 2015
    Posts:
    2,220
    Location:
    Melbourne, Australia
    Youch. Are the properties all held in the one entity name? (eg your own name) Or in multiple entities? (eg own name and SMSF). SMSFs qualify for a land-tax-free-threshold...
     
    JacM, 19th Aug, 2015
    #67
  8. MelbInvester

    MelbInvester Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    113
    Location:
    Melbourne
    Me and My Wife Name... No SMSF Setup.
     
    MelbInvester, 19th Aug, 2015
    #68
  9. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Not sure who you're asking, but I'll jump in.
    Just had a quick look, only 2 bedrooms of course, looks like it previously sold for $430k in 2010.
    Block size 607m2 is Ok, council land value $420k, might be Ok for future development?
     
    Azazel, 19th Aug, 2015
    #69
  10. MelbInvester

    MelbInvester Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    113
    Location:
    Melbourne
    Thanks Azazel, What about the location and rent in that area?
     
    MelbInvester, 20th Aug, 2015
    #70
  11. JacM

    JacM VIC Buyer's Agent - Melbourne, Geelong, Ballarat Business Member

    Joined:
    12th Jul, 2015
    Posts:
    2,220
    Location:
    Melbourne, Australia
    Are you aware that a SMSF gets its own landtax-free theshold ?
     
    JacM, 20th Aug, 2015
    #71
  12. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Oh, Mt Gravatt is great. No idea about rental yield off the top of my head - you know how to find this yourself right?
     
    Azazel, 20th Aug, 2015
    #72
Page 4 of 4