Hi All, I want to get into investment and currently searching for my first Investment property. SE Queensland seem to be buzz at the moment so after doing some research have analysed that GREENBANK and BUNDAMBA have a good potential long term. Just wanted to get insights from all the experienced people on this forum about SE Queensland and any other areas to watch out while getting into this. Thanks heaps in advance!!
You could have bought nearly any house in Brisbane prior to covid and made some very good gains provided you bought well. Why limit yourself to two suburbs? In this market unless you are making very strong offers it will take a long time to secure a property with such limits. What's your budget?
Thanks, Yes that true prior COVID would have been good , however I was not ready that time. Anyway past is past I dont want to Limit myself in 2 suburbs but these are the two i have analysed. My budget is max 500K. If you have any suggestions then please let me know your insights. Kind Regards,
@My House QLD when you say " In this market unless you are making very strong offers" means offers more than the market value?
Yes if the house doesn't require renovation and is desirable with owner occupiers. The trouble is in a moving market what is 'market value'? Or you could remove conditions such as finance or building and pest or both. Removing both will be a great advantage.
500k would be fine for Eagleby (400), loganlea, bethania, crestmead (400), Slacks Creek. Ipswich is cheaper.
Thanks @My House QLD My plan is to build on a vacant land. You reckon removing conditions such as finance or building and pest or both will help me negotiate and get a good price if i go for a established house?
My point was why limit yourself to two suburbs? Buy the right asset ANYWHERE in Brisbane that fits your budget and requirements now.
