Help choosing investment property between Adelaide and south east Queensland

Hi all,

I am in a position to buy first investment property but would like to get advise from experts on choosing between Adelaide and south east Queensland (or even Melbourne but I think my budget doesn't allows it). I am from Sydney and don't know much about these areas so planning to engage BA (worth it?). My budget is between 500-550K and I am flexible with any strategy i.e. buy then minor refurbishment and hold long term or buy oldish IP demo in 3 years and redevelop when I have some more money. Mainly looking for CG but if yield is also good then even better. Also if you can recommend suburbs then I can look up what are the properties like in that area.

 

BAs are always worthwhile if you don't want to go physically visit the location yourself to go IP shopping.

Not that familiar with Brisbane but there's definitely stuff here that fits the criteria you've given.

 

I've done a fair bit of research on Brisbane but not Adelaide. There are lot of threads here about Brisbane as well.

You can get a nice 4 bedroom house on a 600sqm land in Logan area and around 450-500sqm land a bit closer to the city (16-17km) in areas like Doolandella....although houses there tend to be newer.

Having lived in QLD I feel that tennants tend to stay long term so it can be a safer rental return.

 

Well technically that's probably the correct answer.

 

Hi @arunricky, people could tell you any old crap based on their own agenda.
500-550k is a lot of money in many places.

Even Hobart or Launceston could be considered (booming maybe even more than Adelaide or Brisbane right now) and it has a much cheaper buyin price. You aren't priced out of Melbourne or you can buy in Sydney (lower end townhouse in Greenacre). But see? You have lots of options. But your question is much too open and you could decide to read the threads on Adelaide and Brisbane..... there's no shortages of commentary already on here. Any specific advice you get on here on this particulsr thread may be due to someone wanting to push up their own markets and interests. Not to say it doesn't happen on other threads too but it's not as direct.

So I'd like you to do your own reading because I want you to think about it for yourself.

And... to comment on the comment of another poster of this thread.... 500k is way too much to spend for Logan. You'd be a fool parted with your money if you spent that much on one property there. If Brisbane I'd buy closer in or bayside/beachside.

 

Thanks for advise, @Gockie you are right that my question is too open but I have been trying to research for a while and I can't seems to find resources that lot of people in this forum comes up with. The site I refer to see performance of a city is realestate.com.au/invest but honestly I don't like it. Where do you find property cycle graphs to see cycles and comparisons? I follow quite a few threads on this forum but lot of people are interested in arguing over something than adding real value or doing any kind of constructive discussion.

 

This is a very simple site to start with but the values vary ,and with that sort of funds you would buy within the BCC footprint..imho..
Onthehouse.com.au: Your Home for Property Research

 

Apologies for my limited knowledge, would you mind what do you mean by BCC?

 

I target both capital growth and cash flow. I'm finding Adelaide has areas where both are available especially if you are considering doing a quick renovation to spruce it up. Brisbane I've looked at but the cash flow doesn't add up.

I would personally sit down and map out your short and long term investing goals. From there you should be able to decide what suits your goals the best.

 

There's also the Heron Todd White monthly graphs for cycles but whether you believe or trust it is another thing. BCC = Brisbane city council.

 

City Plan 2014 Interactive Mapping

 

I did bit of reading on the forum on various threads and some LGA websites and could see that Brisbane has already catch up alot ,also the areas in hype (moreton bay ,ipswitch, Logan) have lots of new residential development coming close by , not to mention huge land still available to further cluck up the market , I don't have local knowledge of these area hence I would welcome local experts to correct me if i am wrong(no more hype please- the real on ground locals I mean).SA is looking good as it is yet to catch up the hype and hence opportunities are there IMHO(again would welcome Local to comment) . where you experts will be buying as your first IP if you have to choose between QLD (regional included ) or SA, thanks

 

This matches my understanding as well