QLD Need Help! Where to buy in Brisbane?

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

 

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.

 

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.

 

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

 

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

 

Yes, but.....



Whats your strategy?

 

+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.

 

PS I don't care what your strategy is

 

Time to stop buying there then....

 

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!

 

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!

 

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

 

isn't buying in Brisbane a herd mentality already

 

Most of the herd is still in Sydney.

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

 

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

 

Sash fill us in

 

http://realestatetalk.com.au/top-5-most-affordable-suburbs-close-to-cbds/

This might help adickt. Some of these suburbs have probably moved in the few months since the article but worth some research anyway.

 

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.

 

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