First time investor. Trying to get into the QLD market for around $350,000-$475,000?

Discussion in 'Introductions' started by Mrs Virginia Duggan, 10th May, 2021.

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  1. Mrs Virginia Duggan

    Mrs Virginia Duggan Member

    Joined:
    10th May, 2021
    Posts:
    10
    Location:
    Warnervale
    I have been searching area's such as Logan? I have read some really bad reviews but than other investors saying it's great. With quite a low budget of $350,000 - $475,000 and not knowing Queensland at all I would love some local imput :).
    Every Real Estate I have spoken to have different thoughts and now I am just totally confused!
    I have finance and I am ready to go but I have no idea where to go. LOL
    Your thoughts would be greatly appreciated.
    Thanks
    Virginia
     
    Mrs Virginia Duggan, 10th May, 2021
    #1
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  2. boganfromlogan

    boganfromlogan Well-Known Member

    Joined:
    10th Jan, 2017
    Posts:
    3,332
    Location:
    Brisbane
    Logan is a large area so picking the right area is worth doing. Ipswich also has property in ur budget.

    For a place of residence choose carefully based on ur priorities, Bethania Meadowbrook Regents Park Cornubia etc etc

    For investment Eagleby Beenleigh Meadowbrook Loganlea Creastmead etc
     
    boganfromlogan, 10th May, 2021
    #2
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  3. boganfromlogan

    boganfromlogan Well-Known Member

    Joined:
    10th Jan, 2017
    Posts:
    3,332
    Location:
    Brisbane
    Buy house with plenty of land and maybe development potential.
     
    boganfromlogan, 10th May, 2021
    #3
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  4. Dishala

    Dishala Well-Known Member

    Joined:
    1st Feb, 2021
    Posts:
    56
    Location:
    Sydney
    Why bethania residence and creastmead investment? Curious on reasoning
     
    Dishala, 16th Oct, 2021
    #4
  5. boganfromlogan

    boganfromlogan Well-Known Member

    Joined:
    10th Jan, 2017
    Posts:
    3,332
    Location:
    Brisbane
    Place of residence u want a nicer area costs a bit more, return is a bit less. But living is nice.

    Some places are cheap and have a good return, so they make better investments.

    No rocket science.
     
    boganfromlogan, 16th Oct, 2021
    #5
  6. Heinz57

    Heinz57 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,976
    Location:
    Paradise
    Realestate.com.au

    search Bris greater region by $ and spec

    map search not list

    then eliminate the dogs (retirement homes student accom off the plan etc)

    Remove flood prone areas (near creeks and rivers on your map!)

    research the suburbs- what’s left.

    it sounds silly, but that’s how we narrowed our search
     
    Heinz57, 17th Oct, 2021
    #6
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