I am hoping someone can help point me in the right direction, i am originally from Sydney and have have a limited budget of $150,000 - $200,000. Obviously investing in Sydney is out for me, i would like to invest in Sydney but i am being realistic, i know i need to either invest in regional towns or interstate or in regional towns interstate. I have narrowed my list to a few areas and would like to get your thoughts, i am looking for long term growth and most importantly that it rents so i can stick to my repayments, no use buy something that will double in 2 years if i can't make the repayments. So i have narrowed it down to: Townsville QLD Rockhampton QLD Cairns QLD Elizabeth/Salisbury/Davoren Park etc.. In South Australia Are there any other gems or hotspots that i you guys recommend?
You could get something in the Ipswich area for that money (better if you had just a little more). Strong yields and good prospects. I personally would prefer to the areas you mentioned but everyone is different.
Affordable and good investment are not always synonyms. Whats the aim for investing for you? If its to be able to retire earlier than normal on rents, have a think about whether you want to base you retirement around collecting rent from bottom of the barrel tenants Why is your budget so low is perhaps the question you should be asking, could you either - Save up more deposit so you can invest in the next rung up, or - Work on your career / business so you earn more and have higher capacity, or - Invest in shares where you don't have to worry about these things
Cairns - try anything starting with m or bungalow , might struggle townsville - renno job in west end, hermit, hyde park Or something bugger in currajong / gulliver I dont think you can go wrong Or a 2 bed unit in adelaide - west/ north west Rocky i dont know much about but if you are hands on looks like some good deals for circa 100k - check flooding You could probably throw south, north mackay in there as well Hervey bay Or glenorchy, berriedale, claremont (hobart) Or a luxury house with water views in burnie... House on tamar river near launceston
Agree with this, if you could get something in Ipswich for that money you would be O.K. Still classified as regional but its not hundreds of kilometres from a capital city.
Saving up deposit as we speak. I hate shares, it's how my wife's family lost their money (well one of the things) so trying to support her parents while trying to get something set something up for my kids for their future. Career progression is slow as well.
