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. Alfiesausagedog

    Alfiesausagedog Well-Known Member

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    New train line to Brisbane opens soon?
     
  2. Vk8975

    Vk8975 Well-Known Member

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    I mentioned Bray Park and Strathpine because of their proximity to the brisbane cbd as well as the fact that it is within about 5 kms of the new uni and infrastructure in and around Petrie.

    Kallangur goes without saying...right next to the new uni precinct.

    I dont see why Redcliffe wouldnt also benefit from the infrastructure, train line, etc.
     
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  3. Azazel

    Azazel Well-Known Member

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    Nothing?
    There's plenty South of Nowra ;)
     
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  4. jeff3002

    jeff3002 Active Member

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    Just out of interest, what sort of reno's would you include in that $15k - as in what would be worth doing to bring it up to scratch? Assuming approx . $7.5k on each place?

    I'd be interested in doing something like this in the future, but we're on the hunt for a PPOR at the moment unfortunately! :)
     
  5. strongy1986

    strongy1986 Well-Known Member

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    Without being rude could.you please describe the dynamics of south coast nsw.
    To me it is probably the last place in australia i would.invest in. Lifestyle is a different thing but it doesnt attract crowds so cant see any big capital gains from that.

    Jobs?
    Tourism?
    Land supply - plenty
    Weather - not that warm

    If the houses were 200k then i would be interested but for 400+ , no thanks
    I would rather chance my arm in qld on the coast. Plenty of cheap places which have a solid population base and more fundamentals for long term investment. And they are half the price.
    South coast to me.is betting on melbourne or sydney retirees continuing to push prices up
     
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  6. Mick

    Mick Well-Known Member

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    Go for something with land value near the beach. A run-down house in Frankston may still be achievable on $350,000.
     
  7. Seal

    Seal Well-Known Member

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    I was in a similar situation. I have bought in kallangur which is under 30 mins to brisbane, just recently for $329k and spent $15k. Rented for $430. It's hard to be certain with capital growth, but the university is going in, and meant to be finished by 2020. Also new rail link has just gone in. Also Costco and ikea have just gone in. So the yield is good, but not having to go to a regional town for it. And government and commercial spending shows it's a growth area. I live in nsw.
     
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  8. Justme-

    Justme- Active Member

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    I was told about Kallangur, good decision Seal.
     
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  9. joel

    joel Well-Known Member

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    Something with lots of land and a creek setting in the eastern suburbs of Adelaide fo sho
     
  10. Sarah T

    Sarah T Member

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    Careful which part of nowra you buy. Some areas r lovely
     
  11. igor1234

    igor1234 Well-Known Member

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    what about Clearview, SA? dodgy suburb?
     
  12. Brady

    Brady Well-Known Member

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    Not any more most of the suburb has been or is currently being developed. Whole North East corridor is changing from infill.
     
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  13. Azazel

    Azazel Well-Known Member

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    Really? NSW - South Coast - Shoalhaven

    I'm not making it up for the sake of it. If you'd followed up this tip from March with some research... think it's up past $340k now, from $308k, what percentage is that in just over 6 months?
    SP.jpg

    Plenty of places with good buys still around.
    Why limit yourself?
     
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  14. strongy1986

    strongy1986 Well-Known Member

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    I dont limit myself but the thing that worries me about NSW is that everything seems to have an inflated price tag compared with other states, seems a bit investor driven. All they have to do is build a big housing estate in some of those coastal towns and your investment is cooked.

    Anyway im happy buying at phillip island at the moment. Close to melbourne, houses for 250 - 350k
    The low prices are thanks to over development of new estates but because the island is a comfortable commute for a weekender holiday house im confident its a good time to buy
     
  15. norwoodman

    norwoodman Well-Known Member

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    I don't think you'll find much for under $350k around Strathpine or Bray Park any more, but there are still a few out there.
     
  16. Azazel

    Azazel Well-Known Member

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    Everything? It's a big state.
    There have been decent land releases in the South Coast NSW, plenty of people buying.
     
  17. Drgonzo

    Drgonzo Well-Known Member

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    Where? You can't buy a block of land in Vincentia now under 250k
     
  18. Azazel

    Azazel Well-Known Member

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    Sanctuary Point, around the Basin.
    Not much anywhere on the open ocean you can get it for that these days.
     
  19. Le Phénix

    Le Phénix Member

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    Hi guys, it's now early 2017 and I was wondering what everyone's sentiments currently are in relation to where $350K might be best spent?

    I have one IP and PPOR in Sydney and looking at making a play in Brisbane/SEQ first half of this year to diversify but will be my first foray outside Sydney so a little wary. Moreton Bay area house vs inner northern suburb (Alderley, Enoggera) apartment are but two options I've looked but grateful for insights from those in the know.

    Wanting to strike a balance between CG potential but mindful that to maintain future borrowing capacity strong yield is also an important consideration.
     
    rizzle likes this.
  20. Luca

    Luca Well-Known Member

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    @Seal that is a good buy. How much did you get it revalued for? Is a 4 or 3 bedrooms?