Hello Members, I have a budget of max 800k and would like to invest in inner brisbane circle. Ideally 20 km from cbd with a goal of cash flow. I am looking at McDowell, Keppra and Carseldine. 4 bedder brick house would be ideal with a rental of around 600k. Is it achievable in this market ? Should I wait for a month or two to check if there would be less competition after new year..
Lol you’re not watching the market are you? Go and do some basic research and come back when you’ve got your head around things.
You are right and wrong.. I have done my research and found a property. My worry is I feel the market will slow next year with the interest rate rising and increasing covid cases in Brisbane I may land a better deal. My dilemma is to purchase or wait..
I have been searching for past 5 months.. My offer was rejected thrice in multiple offer scenario. In december I found fewer buyers attending open houses. At last I have found a property in mid 800k. Do you think market will slow down next year considering the rising covid cases in Brisbane ?
No, but that just my opinion. No one can predict the future. A year or so ago, did you think brisbane would rise? You need to also ask yourself ‘what if i’m wrong?’ if youd bought 10, 20 years ago would you really care what happens next year?
No, if anything during times of uncertainty/wfh, free-standing houses have boomed. If there is threats of further lockdowns (don't discount they will come, UK back considering it after free for all), it will drive more to buy in BNE "while we can, and can get over over the border". 1st quarter in Brisbane may be one of the biggest in history.
This is what 830k for is getting you in Keperra atm. https://www.domain.com.au/3-keryn-place-keperra-qld-4054-2017468972 IMO there is very little chance this market goes south next year in BNE.
Thats offers over $830k. This is going to sell for over that price. Not many recent comparable sales but market is moving so fast each week its for sure going to sell above $850k. Maybe even closer to $900k.
A list of maybe 800k properties (probably half already under offer) https://www.realestate.com.au/property-house-qld-brighton-138083182 https://www.realestate.com.au/property-house-qld-bracken+ridge-137849170 https://www.realestate.com.au/property-house-qld-boondall-137670546 https://www.realestate.com.au/property-house-qld-zillmere-138139954 https://www.realestate.com.au/property-house-qld-geebung-137831946 https://www.realestate.com.au/property-house-qld-carseldine-138071202
I dont think you will get much in the 800s in those areas. McDowall is probably your best bet but not sure about 4 bedroom brick. That house that is offers over 830 will sell in 900s I think or high 8s. You could try further out...Arana Hills, Ferny Hills. Zillmere is s shocking area with a heap of high density public housing and related crime problems...and I wouldn't buy there. Geebung is nice...Bald Hills is a lovely area.
