QLD Investing in QLD

Discussion in 'Where to Buy' started by Bianca Chrys, 13th Sep, 2017.

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  1. Bianca Chrys

    Bianca Chrys New Member

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    17th Aug, 2017
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    Sydney
    Hi All,

    This is my first time posting and first time looking into purchasing our first investment property. I am new to this so please bare with me.

    We're looking to invest in QLD and I would like some information on the best growth suburbs. Looking at a long term investment and looking at a house. Currently looking into Forest Lake, Southport, Eaglby and Tanah Merah - Could I get your thoughts on these areas.

    Thanks
    Bee
     
    Bianca Chrys, 13th Sep, 2017
    #1
  2. big max

    big max Well-Known Member

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    big max, 13th Sep, 2017
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  3. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    Hi @Bianca Chrys
    Welcome to PC.
    That is a range of suburbs across SEQ - how did you come up with this list?
    What is your borrowing capacity? Are you looking to build a portfolio or this is the only IP you will buy?
     
    Property Twins, 13th Sep, 2017
    #3
  4. diagnostic

    diagnostic Well-Known Member

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    Personally I would go for Southport, as close to the university/hospital as possible. Of course, do your own DD, however if growth is your target then you have to determine what the main factors are in the area/s that influence growth.
     
    diagnostic, 13th Sep, 2017
    #4
  5. Lawrence Barnes

    Lawrence Barnes Well-Known Member

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    Hi Bee,
    I am investor myself and the best piece of advice I can give you is to invest in high growth areas, don't chase cash flow like most people do. Invest in Brisbane within the 10Km if you can afford to.
    Lawrence
     
    Lawrence Barnes, 13th Sep, 2017
    #5
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  6. RPI

    RPI SDA Provider, Town Planner, Former Property Lawyer

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    It's all about what you want to achieve. I am bullish on Southport in the short term because of the Commonwealth Games. How that goes long term I am not sure.

    Time on the ground doesn't hurt either. I would spend a week or two reading this forum and the old somersoft one first.
     
    RPI, 14th Sep, 2017
    #6
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  7. Tom Rivera

    Tom Rivera Property Manager Business Member

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    South East Queensland
    Hey Bianca! All those suburbs are right up my alley.

    Currently looking into Forest Lake, Southport, Eaglby and Tanah Merah - Could I get your thoughts on these areas.

    Forest Lake- Well priced, desirable area, quality tenants and neighbours, has performed reasonably across the past decade. Safe option.

    Southport- Booming area with new infrastructure and hotel, but you need to consider the effect of the Commonwealth Games.

    Eagleby- Very low socioeconomic area in a fabulous physical location right by the highway and landlocked all the way around. Some members here have had a great experience in Eagleby but we have still tended to recommend it with a word of caution. It is cheap and logically there's plenty of growth in surrounding areas.

    Tanah Merah- A favourite of mine. Nicer than Loganholme and much cheaper than Shailer Park, Daisy Hill, Springwood and Cornubia. Lovely area and ripe for growth. For what it's worth, we're looking to buy there next year ourselves.
     
    Tom Rivera, 14th Sep, 2017
    #7
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