QLD Capital Grow Brisbane only in Auction

Discussion in 'Where to Buy' started by dominican, 22nd Nov, 2016.

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  1. dominican

    dominican Active Member

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    Hi guys,

    I am looking to buy my next IP, and my strategy is Capital Grow as much as possible, and I am happy to do some further renovation to increase in value.

    After reading this website, I have decided to look in inner Brisbane suburbs like Kedron, Nundah, Moorooka, Northgate and Wavell Heights,

    Any another suburb to look at? My budget is no more than 700K

    I only have positive cash flow IP's and obviously need to add capital grow to be able to keep increasing my portfolio.

    Also, Could you please explain to me how the auction process works? Any advice?

    All good houses are in Auctions.

    Sorry for my short knowledge I am still in the learning process;-(
     
    dominican, 22nd Nov, 2016
    #1
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  2. Propertunity

    Propertunity Well-Known Member

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    This is how it works in Sydney at the present time. Brisbane auctions would be similar for hot property. (Warning - course language).
     
    Propertunity, 22nd Nov, 2016
    #2
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  3. standtall

    standtall Well-Known Member

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    standtall, 22nd Nov, 2016
    #3
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  4. Whitecat

    Whitecat Well-Known Member

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    All good suburbs. A house in Nundah walking distance to rail and the nice cafe/shopping hipster hub would be my pick
     
    Whitecat, 22nd Nov, 2016
    #4
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  5. Propertunity

    Propertunity Well-Known Member

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    Propertunity, 23rd Nov, 2016
    #5
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  6. Sea Eagles88

    Sea Eagles88 Well-Known Member

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    Sea Eagles88, 23rd Nov, 2016
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  7. eggnog

    eggnog Well-Known Member

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    Mate, for 700k you can buy a renovator in any suburb in brizzy. If you want strong capital growth i'd go as close to the city as possible. Pick any inner city suburb you want, they're all fantastic solid suburbs. And stay away from units.
     
    eggnog, 27th Nov, 2016
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  8. virhlpool

    virhlpool Well-Known Member

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    Can you suggest some suburbs for good capital growth in a short term (3-5 yrs)? Not a Brissy guy but keen to know more.
     
    virhlpool, 27th Nov, 2016
    #8