IP 850K - Melbourne or Brisbane

Discussion in 'Where to Buy' started by Melba, 18th Apr, 2021.

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  1. Melba

    Melba Member

    Joined:
    18th Apr, 2021
    Posts:
    5
    Location:
    Melbourne
    Hi Folks,

    What do you guys suggest , where should I invest 850K for IP , Mel or Brisbane?
    I want to hold it for capital gain, long term.

    In Mel seem I am prices out from most of good/preferred suburbs, but can get into some decent ones in Brisbane.
     
    Melba, 18th Apr, 2021
    #1
  2. grk349

    grk349 Well-Known Member

    Joined:
    20th Aug, 2016
    Posts:
    207
    Location:
    Sunshine Coast
    Melbourne investors: "Melbourne!"

    Brisbane investors: "Brisbane!"


    Hope that helps :)
     
    grk349, 18th Apr, 2021
    #2
    craigc and The Y-man like this.
  3. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,516
    Location:
    Melbourne
    Sounds like yo have done your research and have made an informed (as possible) decision.

    Go forth.

    The Y-man
     
    The Y-man, 18th Apr, 2021
    #3
  4. jaybean

    jaybean Well-Known Member

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    20th Jun, 2015
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    Location:
    Here!
    I live in Sydney and have properties in both so allow me to be an impartial mediator :)

    Short to medium term I'd say Brisbane.

    Long term, I don't think Melbourne will lose any of its appeal. The lockdown will be all but a distant memory. I still think Melbourne is undervalued as it's basically Sydney without the harbor.

    So I'd say both, but if you want some short to medium term quick bucks...Brisbane :)
     
    jaybean, 18th Apr, 2021
    #4