If you had 350k right now where would you buy?

hi everyone I have finally decided to post I used to be on Somersoft has been a while between posts
Anyway I have a few ips but I have no idea where to buy next soo if you had 350k where would you buy and why?
I am a bit lost so any guidance would be great all my other ips I have known the area and are pretty high risk

Cheers

 

Can't just say an amount, needs more info. What timeframe are you looking to invest, something active or passive, is yield important, etc

 

Hey DT fair point!
I really am not set anyway but I am looking to set and hold was thinking possibly house and land or newish house so I don't have to worry about maintenance
Yield is important to cover majority of rent but namely capital growth
My other ips are older houses in mining/welfare town and 1 in Mitchell park hopefully develop in the future
Was only thinking new due to offsetting other properties as 2 are very positive but no capital growth and Mitchell is only just negative
Does that help a bit?

 

$350k, new house (high depreciation and low maintenance), high yield and capital growth - I'll take a few thanks.

 

As soon as I know where they are ill let you know!

 

Although I believe south of Radelaide and Geelong areas could be alright

 

I have mentioned few times on this forum where I would buy for that amount of money.
Wont get new property, but will get - high yield, CG, large block/development potential.

 

Would you care to point me in the right direction? As in which post or tell me?

 

Most of my clients buying in that range are picking up highset houses 15-25km from Brisbane on 600sqm+ blocks and seeing 6%+ rent returns.

In their shoes, I'd be doing the same.

 

Old house in Frankston

 

Hey I love frankston

 

For $350k you'd be thinking Frankston North?

 

Probs as close to Centrelink as I can get

 

Behind Centrelink is actually the good side of town (in or bordering on Frankston South).

In the coveted high school area, walkable to the beach, near hospital, uni etc.

But you'll need well over $350k - unless it's a small unit.

 

It'll be a struggle to find 350k houses in southern Geelong. The Belmont/Highton prices have risen so rapidly that we're at a point where we might as well go for West/East/Newtown. Maybe there is still some value in the south-eastern part of Belmont, near Grovedale?

However you can still get a 70s triple fronted brick veneer in the Osborne/Walsgott/Giddings part of North Geelong for close to 300, and a little more could get you into Bell Park. The parts of North Geelong just north of Church St best off avoided IMO.

 

What is the beach like?
Can you actually swim there?

 

@G TOWN what do you think about Hamlyn heights. Seems like alot of knock down rebuilds happening.

 

I'm a fan. The suburb's got a good feel, huge blocks, excellent housing stock ranging from 50s/60s weatherboard homes to European style triple fronted brick veneer. It's well located, being right next to the Ballarat Rd exit (getting you to Mebourne in 50min). It's only a 10min bike ride to Drumcondra/Rippleside and 15min into town. It's considered a 'fancy' suburb but the property values (late 3 early 4) don't really reflect that.

 

Thanks @G TOWN. Good to get another opinion. We bought in Sladen st 2 yrs ago 603sqm brick. Also with the mergers of 3 high schools to Vines road we thought the area was a good buy.

 

Gtown why are your thoughts on warralily estate?
I have never gone down the track of h and l but interested due to offsetting some other properties and very low maintenance