VIC Melbourne anyone (or is Brisbane the go?) 400k range

Discussion in 'Where to Buy' started by Maadha, 27th Jan, 2016.

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  1. Greyghost

    Greyghost Well-Known Member

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    Lucky for you your misses has some sense!
     
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  2. jaybean

    jaybean Well-Known Member

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    Fair enough. Happy to be proven wrong, that's how we learn. But the tax point he made was very good.
     
  3. sash

    sash Well-Known Member

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    That would be a a grand total of another 2k per property so not a lot.
     
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  4. Chris White

    Chris White Well-Known Member

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    With $400k I would buy in Brisbane. In the North we recently helped a client buy a house on 650sqm in Boondall for $360,000 which rents for $380 per week. It also has good upside scope through renovation. Also a unit in Nundah (low rise complex) for $380,000 and renting for $380 pw.

    However, in the South you could buy a house on 1000sqm for low $300k's and rent it for up to $350 pw and then put a 2nd dwelling on it later when you have more money Then you could strata title the two properties in coming years and really super charge your equity.

    A few options but the market in Brisbane is moving so time is money at the moment.
     
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  5. melbournian

    melbournian Well-Known Member

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    Any previous examples which you bought for ur clients? thinking about making a trip to brisbane in easter to get a feel of the suburbs etc.
     
  6. Chris White

    Chris White Well-Known Member

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    Give me a buzz closer to the time and I can show you personally.
     
  7. melbournian

    melbournian Well-Known Member

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    Thanks Chris will do only interested in dual occupancy sites
     
  8. JDP1

    JDP1 Well-Known Member

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    Some good and applicable examples of what you can do in brisbane for the money.
     
  9. Omnidragon

    Omnidragon Well-Known Member

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    Melb is high, but seems to have some steam left.

    Brisbane is low (relatively), but I just don't see it commanding global tier 1 (Syd)/2 (Melb) city prices.

    If I had to choose, I'd be indifferent between the two. Better opps offshore now notwithstanding exchange rate is lower.
     
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  10. stewballs

    stewballs New Member

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    funny, you guy's are really clutching at straws now. can't you see?
    property game's all finished. nothing to see here. no yield, no cg.
    brisbane ain't catchin up with sydney. sydney's coming down-in a big way. that'll balance the old market out. good luck!
     
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  11. Cactus

    Cactus Well-Known Member

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    Post #1
    Nothing to see here move along...
     
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  12. JDP1

    JDP1 Well-Known Member

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    really?? sydney will fall a bit, but bn will rise as well.
    here is what my hood has done in bn. Plenty of similar neighbouring that show similar graph..
     

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  13. Kangaroo

    Kangaroo Well-Known Member

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    A good warning !. Do not chase the last profit. Leave it to others.
     
  14. JDP1

    JDP1 Well-Known Member

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    I understand your point, but that is trying to pick the top and bottoms. I would say no one can get that consistently correct.
    Thats not to discount it- just that its most likely going to be tricky,uncertain and prone to error.
     
  15. sash

    sash Well-Known Member

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    I agree......you see this at every cycle.......
     
  16. Luca

    Luca Well-Known Member

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    Talking about bottom phases, it looks like Adelaide would be the place to go...anyone investing there?
     
  17. sash

    sash Well-Known Member

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    Yes just bought on...
     
  18. Luca

    Luca Well-Known Member

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    What suburb did you end up buying in? I have a friend who could potentially help me...Magill should perform well but still too high for me. Looking for something under $300k. Where did you buy?
     
  19. Maadha

    Maadha Well-Known Member

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    Thanks for all the responses!

    Can anyone recommend a BA that services the North of Brisbane?
    I'm keen to move on this asap as pre approval will expire soonish so need to get moving now or maybe forced to wait.
     
  20. HUGH72

    HUGH72 Well-Known Member

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    Looks like Carina?:D