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QLD Need Help! Where to buy in Brisbane?

Discussion in 'Where to Buy' started by adickt, 30th Sep, 2015.

  1. adickt

    adickt Member

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    First IP in Brisbane. Which area would you buy?

    - Aim for maximum CP gain
    - Budget under 450k
    - Free standing house with a comfortable plot size
    - Rental yield over 4%
    - Low vacancy rate area
     
  2. dan2101

    dan2101 Well-Known Member

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    Keperra. 10km from CBD. Can get something on a good size block for under 500k. Hasn't moved too
    much yet but surrounding suburbs have.
     
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  3. mcarthur

    mcarthur Well-Known Member

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    My answer isn't to your question, but to why you've asked it:

    "Which are would you buy?" - my choices would be different to yours!

    What is you're goal?
    Then what is your strategy to get to that goal?
    Then what your personal plan to implement the strategy?
    THEN where are you along that plan:

    - Do you have 20 million to spend or 20,000?
    - Are you planning on retiring in 2 years time on $100,000/yr based on equity?
    - Are you cash rich and asset poor, or vice versa?
    Where are you along that goal, strategy and plan - maybe you've already got 2 properties in Darwin, 3 NRAS in Hobart, 4 developments going along the Sydney CBD edge, etc.

    Once you can understand the goal, strategy and plan - which almost certainly only fit you - then you can answer the questions you've asked.
    Once you can - briefly is fine - explain what your goal, strategy and plan are and where you are along that plan, then people here could sensibly help you with answers.
     
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  4. bob shovel

    bob shovel Well-Known Member

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    People can help with the question, its pretty clear what he (or she) has outlined.
    Everytime a thread starts in where to buy can't be everyone jumpsin in with the old "what's your strategy blah blah blah"
    Sounds like op knows what they are after they just need some further suburb narrowing down.

    Help narrow the search and ask if goal/strategy is in mind with the purchase
     
  5. adickt

    adickt Member

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    Thanks for you suggestion. My goal is buy n hold for the long term. Aim for capital gain mainly.
     
  6. Biz

    Biz Well-Known Member

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    Yes, but.....



    Whats your strategy?
     
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  7. York

    York Finance Broker Business Member

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    :p:p:p
     
  8. Azazel

    Azazel Well-Known Member

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    +1 for Keperra.
    They're selling pretty quickly, but if you get your finance stuff together and get chatting with some agents you will be in with a chance.
     
  9. Azazel

    Azazel Well-Known Member

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    PS I don't care what your strategy is ;)
     
  10. sash

    sash Well-Known Member

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    Time to stop buying there then....
     
  11. dan2101

    dan2101 Well-Known Member

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    Spot on Azazel. Good one in the cooling off period at the moment that I secured through an agent before it hit the market. Divorce situation so wanted it done quick.

    I'm probably biased because obviously I have a vested interest but I couldn't find many other places within 10kms of the CBD with a train line and houses regularly under 500k.

    Could be wrong though maybe I wasn't looking hard enough!
     
  12. dan2101

    dan2101 Well-Known Member

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    Although I did nearly purchase in durack prior to the weekend so feel like I was just somewhat lucky with the timing. Good luck anyway adikt!
     
  13. Richard Taylor

    Richard Taylor Mortgage Broker & Brisbane Buyers Agent

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    Your criteria does not seem particularly stringent so plenty of flexibility.

    Trick is to buy where the next hot area is rather than join the herd and pile in with the rest of the investors.

    Cheers


    Richard
     
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  14. RetireRich101

    RetireRich101 Well-Known Member

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    isn't buying in Brisbane a herd mentality already:p
     
  15. bob shovel

    bob shovel Well-Known Member

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    Most of the herd is still in Sydney.

    You need to be at the head of the pack with the pc'ers
     
  16. sash

    sash Well-Known Member

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    Spot on...buy where the next area not where all others are piling in!

     
    Last edited by a moderator: 7th Oct, 2015
  17. Patamea

    Patamea Well-Known Member

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    Sash fill us in;)
     
  18. dan2101

    dan2101 Well-Known Member

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  19. Inov8ive

    Inov8ive Well-Known Member

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    Keperra is a goodin'. Best advice. I would also suggest looking at a newer style townhouse in Chermside. Its not a house but the depreciation will ensure better overall returns.
     
  20. superace

    superace Member

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    If you're lucky you could pick up something basic in areas like Sailsbury, tingalpa, Oxley. That sort of radius where you can still get sub$500k houses on decent blocks of land. That being said, in a hot market, the decent ones priced competitively are going quickly