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looking to invest but where

Discussion in 'Where to Buy' started by sauber, 12th Apr, 2016.

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  1. sauber

    sauber Well-Known Member

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    hey guys,

    i just got my house refinance and now have my equity ready to go to invest in somewhere but unsure where. i was thinking an regional area.

    50k equity ready to go
    sauber
     
  2. dabbler

    dabbler Well-Known Member

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    Have you been reading through the threads in this section ?

    Once you know your price and areas of interest, then you can focus on that, bit open to just say where.
     
  3. larrylarry

    larrylarry Well-Known Member

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    You mean you can only buy a $50k property?
     
  4. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    Last edited: 12th Apr, 2016
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  5. Pash81

    Pash81 Active Member

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    Million dollar question..I'm also looking for the answer..:)
     
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  6. D.T.

    D.T. Adelaide Property Manager Business Member

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    I think they mean $50k released to use as deposit, which probably means purchasing property at 250k at 20% or 500k at 10%
     
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  7. Samj

    Samj Well-Known Member

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    I've had the same question and the answer (currently) is Petrie!
     
  8. larrylarry

    larrylarry Well-Known Member

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  9. sauber

    sauber Well-Known Member

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    Correct. Should of explained myself better
     
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  10. sauber

    sauber Well-Known Member

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    So something for 250k then. Id have a 50k deposit.
     
  11. Birdseed

    Birdseed Active Member

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    Have you started your own DD process about what fundamentals you are looking for in order to grow your 50K? Or would you like us to just throw random place names at you?
     
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  12. larrylarry

    larrylarry Well-Known Member

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    I thought you were looking into victoria or is there another sauber? Are you from Frankston?
     
  13. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    Not sure your location OP ... It says VB ? Wherever that is ?

    But upcoming suburbs in my opinion for CG in the next 12 months are in NSW and they are
    Lake Haven,Tuggerah, Warnervale on the NOrthern part of the NSW Central Coast, i believe with Sydney people moving there in the next year or so prices will continue to rise , close to freeway, shopping centres, beaches etc .
    Penrith , Waterloo, Parramatta, Fairfield in Sydney are my picks .
     
  14. sauber

    sauber Well-Known Member

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    Im still the same sauber i just removed my avatar. And yes im from frankston
     
  15. sauber

    sauber Well-Known Member

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    Vb
    Vb yeah lol i just put there for vb the beer haha
     
  16. larrylarry

    larrylarry Well-Known Member

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    LOL!
     
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  17. MTR

    MTR Well-Known Member Premium Member

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    I would be sitting back and watching, time to buy was 2-3 years ago, I believe market sentiment is changing oz wide. If you are chasing cashflow then a different story and if anyone can source these let me know
    Ignore if this hurts:)

    2017 may present some good buying opportunities ?
     
    Last edited: 12th Apr, 2016
  18. 2FAST4U

    2FAST4U Well-Known Member

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    Parts of Adelaide and Brisbane are on the rise.
    Speaking from an Adelaide perspective if I had 300k-500k I'd be looking at purchasing a 3 bedroom house in the southern suburbs with development potential.
     
  19. MTR

    MTR Well-Known Member Premium Member

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    ok, can you develop now and make money?

    I am just going with my gut and concerns regarding economy ie job losses, tightening of finance etc

    I can see market sentiment is changing, I think it will effect all markets. I am out of the market because for me I see short term gains could easily turn to losses and stuck with debt.
     
  20. 2FAST4U

    2FAST4U Well-Known Member

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    Not for developing immediately it's just with Adelaide you want to buy houses that have land content because units are going nowhere. Court yard houses can be okay as well, but even then they need to have reasonable backyards otherwise there won't be much interest in them. The median house price doesn't show these details.
     
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