Picks for each capital city

Discussion in 'Where to Buy' started by Inov8ive, 27th Dec, 2015.

Join Australia's most dynamic and respected property investment community
Tags:
Page 1 of 3
  1. Inov8ive

    Inov8ive Well-Known Member

    Joined:
    17th Jul, 2015
    Posts:
    700
    Location:
    Sydney
    I am probably only going to purchase one property in 2016 and possibly sell one as well. I Am sure lots of you guys are gearing up to do some buying early this year so I thought I would share my picks for Buy and Hold in each capital city.
    Sydney: House/Townhouse in Ermington/Rydalmere
    Adelaide: House in Kilburn close as you can to prospect.
    Brisbane: House or Townhouse 10km from CBD
    Gold Coast: House in Labrador or Southport
    Canberra: House in Scullin
    Perth: House in Beckenham
    Hobart: House in Moonah
    Darwin: House in Millner
    Melbourne: House in Deer Park
     
    Inov8ive, 27th Dec, 2015
    #1
    joel likes this.
  2. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    864
    Location:
    Darlinghurst Sydney
    Sydney , I like the Penrith area .I believe its up and coming .
     
    Darlinghurst Boy, 28th Dec, 2015
    #2
  3. Inov8ive

    Inov8ive Well-Known Member

    Joined:
    17th Jul, 2015
    Posts:
    700
    Location:
    Sydney
    I agree with you. I still have a property out there that has performed well in yield and CG. Lots happening out there in the coming years.
     
    Inov8ive, 28th Dec, 2015
    #3
  4. Gockie

    Gockie Unicycle anywhere and everywhere... Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    10,237
    Location:
    Sydney
    This is what I wrote in someone elses where to buy in 2016 thread:

     
    Gockie, 28th Dec, 2015
    #4
  5. Gockie

    Gockie Unicycle anywhere and everywhere... Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    10,237
    Location:
    Sydney
    Re: Penrith - only if you can get it at a very good price. I say this because there's been lots of CG already and I know of people who are massively overpaying for the area. New house build on small land near Penrith costing 800k? Got to be joking. But it's true. :eek:
     
    Gockie, 28th Dec, 2015
    #5
  6. Inov8ive

    Inov8ive Well-Known Member

    Joined:
    17th Jul, 2015
    Posts:
    700
    Location:
    Sydney
    Yeah
    yeah nice not too dissimilar from my thoughts. I was actually going to add Wynnum/Manly to the Brisbane picks.​
     
    Inov8ive, 28th Dec, 2015
    #6
  7. Gockie

    Gockie Unicycle anywhere and everywhere... Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    10,237
    Location:
    Sydney
    :)
    Good areas... there's not much bayside around, but what is there has already been taken. They aren't releasing more land! And Thorneside/Birkdale/Wellington Point and all the way to Cleveland is also very nice.... :)

    **disclaimer... I own in Birkdale so I may be biased. But it is truly a great spot!
     
    Gockie, 28th Dec, 2015
    #7
    Inov8ive likes this.
  8. big max

    big max Well-Known Member

    Joined:
    30th Nov, 2015
    Posts:
    2,086
    Location:
    Gold Coast
    Stones corner is great. Paddington is also a top pick for me.
     
    big max, 28th Dec, 2015
    #8
  9. Tim & Chrissy

    Tim & Chrissy Well-Known Member

    Joined:
    5th Dec, 2015
    Posts:
    1,022
    Location:
    NSW
    This is why we bought our future PPOR up the coast. Similar commute to the city, once the M1/M2 tunnel link up is built the commute will also be similar to Parramatta by car.

    No comparison between the two lifestyle wise :cool:
     
    Tim & Chrissy, 28th Dec, 2015
    #9
    VB King likes this.
  10. Gockie

    Gockie Unicycle anywhere and everywhere... Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    10,237
    Location:
    Sydney
    Are you talking Central Coast?
     
    Last edited by a moderator: 4th Nov, 2016
    Gockie, 28th Dec, 2015
    #10
  11. Tim & Chrissy

    Tim & Chrissy Well-Known Member

    Joined:
    5th Dec, 2015
    Posts:
    1,022
    Location:
    NSW
    Yes lower part of the Central Coast.
     
    Tim & Chrissy, 28th Dec, 2015
    #11
  12. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,608
    Location:
    At work
    The Stones Corner collective are trying to set up as their own suburb. Currently Stones Corner is part of Greenslopes. I voted no. Greenslopes has had 17-18% increase in median price in 12 months (depending on your source). Is it too late?
     
    Bran, 28th Dec, 2015
    #12
  13. Tim & Chrissy

    Tim & Chrissy Well-Known Member

    Joined:
    5th Dec, 2015
    Posts:
    1,022
    Location:
    NSW
    Where do you source your % growth figures? Looking at Brisbane now, have only been able to find the averaged out figures
     
    Tim & Chrissy, 28th Dec, 2015
    #13
  14. Gockie

    Gockie Unicycle anywhere and everywhere... Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    10,237
    Location:
    Sydney
    Its quick to Sydney too on a train. :)
     
    Last edited by a moderator: 4th Nov, 2016
    Gockie, 28th Dec, 2015
    #14
    VB King likes this.
  15. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,608
    Location:
    At work
    Screen Shot 2015-12-28 at 6.11.52 pm.png
    Wherever gives me the figures I'm most pleased with ;)
    realestate.com.au - invest, or yourinvestmentpropertymag, or I think onthehouse, or propertyvalue, sqmresearch... any/all of these. Some are a few months behind but I can never remember which
     
    Last edited by a moderator: 4th Nov, 2016
    Bran, 28th Dec, 2015
    #15
    Tim & Chrissy likes this.
  16. Sackie

    Sackie Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    14,156
    Location:
    Bondiliciously Beachy
    In my opinion Ermington/Rydalmere homes are in a very high price bracket that i would think should not be added to most investment portfolios.
     
    Sackie, 28th Dec, 2015
    #16
  17. Gockie

    Gockie Unicycle anywhere and everywhere... Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    10,237
    Location:
    Sydney
    It can keep going up. But then again, i'm from Sydney. Anyway, think about how many ultra trendy locations there are in Brisbane. I'd bet that there are not too many...
     
    Gockie, 28th Dec, 2015
    #17
    gman65 and Bran like this.
  18. Gockie

    Gockie Unicycle anywhere and everywhere... Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    10,237
    Location:
    Sydney
    Agree.
     
    Gockie, 28th Dec, 2015
    #18
  19. Sackie

    Sackie Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    14,156
    Location:
    Bondiliciously Beachy
    Last edited: 28th Dec, 2015
    Sackie, 28th Dec, 2015
    #19
  20. Tim & Chrissy

    Tim & Chrissy Well-Known Member

    Joined:
    5th Dec, 2015
    Posts:
    1,022
    Location:
    NSW
    There's a few good express trains to get you in by 9 but I normally start 6 - 7am so I'll be stuck on the M1 until Ray Hadley and Singo start lobbying for better services to the CC again :D
     
    Tim & Chrissy, 28th Dec, 2015
    #20
Page 1 of 3