Hey guys, I'm looking at investing in a property in qld. I'm from NSW but I'm torn between Mango hill and Pimpama. I'm looking for something that has great growth rates. Can someone share some light on which way I should go because I feel like agents tell you anything to make you buy..
........and you can trust strangers on the internet. You need to do some research on past CG comparisons etc
Looking at recent growth rates tells you about the past, not about the future. This forum is a great resource for learning about what to look for though. There are some really experienced investors on here. You could always hire a buyer's agent if you wanted professional advice?
If your looking for something with great growth rates why are you looking in suburbs where majority of the houses are under 10 years old? The growth rates you have been quoted by the spruikers can be manipulated very easily. It could just be as simple as the cost of building has gone up 5% per year for the last 10 years. Therefore the sell prices on the new homes are up 5% I had a quick perusal of whats for sale in these areas and I would guess your budget is 400-450k? If thats the case then you can do much better in other areas. However you wont be looking at brand new houses
I wanted something brand new that's my issue. I know both are growing suburbs and I've been fed all the different information about the area but both have failed to mention that so thank you. What suburb would you suggest?
Yeah both are still developing and growing but which will be more preferred and bount to boom better is what I'm more trying to figure out A lot of agents have pointed towards mango hill but pimpama is great as situated directly in the middle of Brisbane and gold coast
Probably neither will boom Are you from Sydney? You cant extrspolate what happened in sydney into other AUS markets. Sydney is a unique situation with a huge population and massive geograpical constraints. Brisbane has a bit of constraint but probably not even 1/3 the population. Why is pimpana good because your half way between bris and the gold coast? What are you going to do ? Go work in brisbane and then drive to snapper rocks for a surf and then back to pimpama? Doesnt work like that
If you can never lose with land then why would you waste your money on a new house? Sorry to be rude just trying to save you some grief
Sit back and read, learn and wait you have time on your side. I think you are too late for the markets that have or are already booming and too soon for other markets, but I could be wrong so ignore it Seriously no need to rush in easiest way to lose money. Education first and please dont use a BA while you are green