New Member - Buying in Brisbane - Any ideas of high growth potential

Discussion in 'Introductions' started by Ralph Fernandes, 25th Oct, 2015.

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  1. Ralph Fernandes

    Ralph Fernandes New Member

    Joined:
    25th Oct, 2015
    Posts:
    1
    Location:
    Sydney
    Hi Guys,
    A bit about me: I am an engineer planning to buy my first investment property in Australia. I have property elsewhere. Looking to buy in potential high growth areas coupled with positive cashflow rent returns over the next 3 years to increase my equity. Any ideas?

    Current prospects are Ipswitch, Springfield, Coomera, Pimpana, North lakes, Caboolture. Any suggestions?
     
    Ralph Fernandes, 25th Oct, 2015
    #1
  2. JacM

    JacM VIC Buyer's Agent - Melbourne, Geelong, Ballarat Business Member

    Joined:
    12th Jul, 2015
    Posts:
    2,220
    Location:
    Melbourne, Australia
    Hi Ralph

    Welcome to the forums :)

    You are sensible to have your eye on cashflow as well as growth as opposed to one or the other. Growth is of little use if you cannot afford to hang on for the ride.

    We acquire balance property like this all the time for clients. Are you intending to buy the property in your own name, in a trust or in a Self-Managed Super Fund?
     
    JacM, 25th Oct, 2015
    #2
  3. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Investard county
    A lot of suburbs around Logan are rising but still below their previous peaks. Yields around 5.5-6.5%. A lot on infrastructure and investment happeninig in the area. Get on the bandwagon son.
     
    Biz, 25th Oct, 2015
    #3
    Jacob Field and cheekykoon like this.
  4. 733

    733 Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    567
    Location:
    Brisbane
    Welcome to the Forum - great time to be buying in Brisbane during your acquisition journey
     
    733, 1st Nov, 2015
    #4
  5. Jacob Field

    Jacob Field Well-Known Member

    Joined:
    2nd Jul, 2015
    Posts:
    51
    Location:
    Hobart and Sydney
    Agree but also feel not all Logan is created equal :)

    MY picks are Southern area of Logan Central, Kingston outside of the public housing enclaves and then follow the rail south through Logan Lea etc. :)

    Renee @ Dilligent - Any tips to types of property/location for which is attracting a high standard of tenants (ie. new families moving to area with good employment etc)?
     
    Jacob Field, 3rd Nov, 2015
    #5