First IP in Sydney or Brisbane!

Discussion in 'Where to Buy' started by Amy77, 23rd Jan, 2019.

Join Australia's most dynamic and respected property investment community
Tags:
Page 2 of 2
  1. Jana

    Jana Well-Known Member

    Joined:
    19th Apr, 2016
    Posts:
    458
    Location:
    Sydney
    In the present market condition and borrowing restriction, it will definitely affect your buying power unless you find 10% more yield. I don’t think you will find such yield with decent capital gain potential in Brisbane middle ring.

    Most Brisbane properties will be less than 5% yield, that means you need to feed few thousands per annum. Say Buying for 500k with 20% deposit, then you need to rent for $550-560 pw to be neutral.

    Buying cheap and renovating is good option but you may not be able to do that unless you have adequate experience. Buy now in Brisbane then exit by 2023 to buy in Sydney. Your success depends on your bargain skills in your Brisbane purchase. Good luck.
     
    Jana, 25th Jan, 2019
    #21
Page 2 of 2
Investment properties sent straight to your inbox