Not sure where to buy need help

Hey where is a good location to buy for cashflow and growth?
Ive got one ip in crestmead that i got a few years ago its fully offset now and now im thinking of getting another investment property not sure where though

 

NorthSide Bald Hills/Bracken Ridge/Petrie/Lawnton/Strathpine etc...

 

What and where to buy is dependent upon your chosen investment strategy.

You see property is merely the vehicle. The strategy is how you intend driving that vehicle.

Unfortunately the mistake I see newbies and sometimes not so newbies is that they are property focused instead of strategy focused which is like putting the cart before the horse.

Property investing is not about property rather about the strategy and the way you intend to use the vehicle to get to where you are wanting to go. No good buying a small shopping car if you intend driving interstate on a family holiday.

What strategy/s are best for you is determined by where you are wanting to go, the time frame you want to get there in and how hands on along the way you want to be - all based around your personal risk profile.

If you dont know what you are looking for all property's will appear the same. Thus the confusion and frustration.

I hope this provides some food for thought.

What is your chosen investment strategy?

 

What’s your budget?

 

Have I got a car for you....genuine 30000km.... Driven by a little old lady to swingers parties... Never done more than 60 (in first gear).

 

As others have mentioned, you would need to provide a lot more information in order to get any advice of value. If you can provide further details to your approach I'm sure many people will be more than happy to give you their two cents.

 

I want to put 20% down and not have it negative, natural or slightly positive after all expenses, also i want it to go up in vaule

 

I’m the same. I have $500k to spend but I want to add a Cash Flow positive (or at least neutral) property. I’ve been contemplating Orange for nearly a year now, maybe spending c.$350k and try and get a 3/ 4 bedder sitting on c.600m2.

I’m at the limit of my serviceability.

 

For $500k I'd much rather go up to Brisbane than Orange. Plenty of choices with excellent cashflow and capital growth potential at that price point.

 

As others have said... what's your property selection strategy?
What's your goal?
What will buying this next property do for you?
Are you looking at quantity vs. quality?
Where does debt reduction come into the picture?

Without clarity around property selection, everything will look the same.

 

With 20% down, a 400k property would need to rent for above $410p/w for it to be neutral (assuming 3% P&I and 5k for expenses such as insurance, rates, PM fees, and a small buffer for maintenance). At this price point, you would have a range of options to choose from (Brisbane, Adelaide, Perth, and many regionals). So now you need to identify which area is primed for growth that falls within your cash flow constraints. Note, the cheaper you purchase the more likely you will have a greater yield, although, the trade-off is you become more limited to where and what you can buy.

 

Which areas in Brisbane?

 

I want capital growth with cash neutral or cashflow positive,

 

Are you formula with any areas within those states ?

 

Dude you started this thread 21st May. Today is 25th July. Its more than 2 months and your still asking these questions. In the meantime the houses all have moved up another $50k.

Get your act together and get serious. No1 is here to do your work for you. Dedicate 3-4 days doing your research, due diligence and reading on certain areas and buy something.

Analysis paralysis is what is going to cause you to not make a single dollar.

 

Man i see alot of people asking help about which areas to invest in , i am willing to do the work just dont know where to start.
Seriously they went up 50k in 2 months ? Lol

 

The Suburbs I have been buying in have been moving about 3% per month, so yes $50k is reasonable.

 

Some suburbs I've been paying attention have moved up more than that especially the more desirable and upper end suburbs.

Even the lower end suburbs the ones I look at have moved at least $20k-$30k in 2 months quite easily.

Nothing to laugh about imho. Serious money there.

 

Which state is this Brisbane? And where do you guys get these states ? Real estate.com ?