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

Discussion in 'Where to Buy' started by Nlang, 13th Sep, 2016.

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  1. MikeyBallarat

    MikeyBallarat Well-Known Member

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    Warralilly is definitely worth considering in my view, it has a very good name amongst the locals and being sandwiched in between Geelong and the Surf Coast has its advantages. Just make sure you go for a big block though!

    There are many options for new housing down here, and the advantage is that Geelong's a smaller city so you can have a brand newie and still only be 10min from town by car. You could also try the newer parts of Highton-blocks are 800-1000m2 which is almost unheard of in this era of house and land! Fyansford is worth a look as well, near the ring road and easy access to Pakington St.

    Another thing worth considering could be new house and land in Torquay or Ocean Grove...only 20 minutes from town and beach lifestyle all year round!
     
  2. Nlang

    Nlang Well-Known Member

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    What suburbs Steve?
     
  3. Anne-

    Anne- Member

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    Where would you buy for $350 -380K ? I am frozen, about moving out my comfort zone. I have an IP in Bateau Bay, which have done very well. My wish would be to buy another house a bit further north of that house, but the best I can get is Lemon tree passage and the return is not good there. West side is getting high now, thus I have to move or further north, in the Newcastle area or Brissy south suburbs (south east side) or as NL was mentioning, Geelong. I would not mind discussing with a buyer's agent for the Central Coast or Brissy areas . I am after growth and yield but also nearest location .
     
  4. Steven Ryan

    Steven Ryan Well-Known Member

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    Most of them south, most in Logan council area.
     
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  5. spludgey

    spludgey Well-Known Member

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    Do you have $350k or is your total purchasing capacity $350k?
    Very different scenarios, as the first one gives you a total capacity of aroundabout $1.4M.
     
  6. Azazel

    Azazel Well-Known Member

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    There are still plenty of good buys South Coast NSW in this price range.
    The ripple effect is yet to hit a couple of places.
     
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  7. Anne-

    Anne- Member

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    I am in Sydney and thought that Mount Warren would be a good area, but SQM shows steady decline of rent. Invest Mag was positive.
    My purchase price s max $380K
     
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  8. Azazel

    Azazel Well-Known Member

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    Is the actual rent decreasing, or is the yield decreasing?
    Sometimes the yield decreases, because of increasing property prices.
     
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  9. spludgey

    spludgey Well-Known Member

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  10. Anne-

    Anne- Member

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    There's no brick house to renovate for $270K
     
  11. spludgey

    spludgey Well-Known Member

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    Not sure I understand you, but this one is brick and you could potentially get it for $270k.
    Or are you saying in Sydney? I live in Sydney and have 10 IPs, none of them are in Sydney.
     
  12. Anne-

    Anne- Member

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    I think it was the rents.
     
  13. Anne-

    Anne- Member

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    Sorry, I did not see your link, Ok SA. I may contact you later if you don't mind
     
  14. Nlang

    Nlang Well-Known Member

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    Hey spludgey

    Ha I wish was 1.4 mill total all up would be 350-380k to spend!

    I like the look of the link you sent would be perfect but I need to buy ppor before I can buy my ip and as you said you live there you know what it's like... Nuts!
    Where are your ips?
    I have looked at Elizabeth and this property didn't come up strange I would grab it but like I said stupid Sydney!
     
  15. Alfiesausagedog

    Alfiesausagedog Well-Known Member

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    $350k currently buys you 70's style flats in many of Brisbane's bluechip suburbs. If you shop around you can find some with double car spaces and courtyards. They're typically on quiet streets and maintenance/body corp appears very low.

    Does anybody have thoughts on these kinds of properties?
     
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  16. Azazel

    Azazel Well-Known Member

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    I'll give you $325k for it.

    Yeah, there's gonna be a glut of apartments, but if you can find a block of 6-8 with good land content, low body corporate and scope for improvement in a decent location you should do well long term. I was looking from Windsor across to Gaythorne. Some good buys in there, especially for someone that wants to live in it.
     
  17. Vk8975

    Vk8975 Well-Known Member

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    I'd be buying in the Moreton Bay region personally....bray park, strathpine, kallangur, etc
     
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  18. Anne-

    Anne- Member

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    There's nothing in NSW up to $350-380 that has a decent growth and yields,
    It seems that with this purchase range, Brissie area offers good r yield but slow growth.
     
  19. Mick Butterfield

    Mick Butterfield Well-Known Member

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    I think there are quite a few regional areas in NSW that would fit this bill.
     
  20. MikeyBallarat

    MikeyBallarat Well-Known Member

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    How about Redcliffe?
     
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