Hi, I am looking at potentially purchasing our first investment property over the next few months, and based on my marginal knowledge on the area (and lack of knowledge in others) this will most likely be based in the northern suburbs of Brisbane. I would prefer to get as close to the CBD as we can afford, however when searching many different variables, what weight do you investors place on proximity to bus/train stations, shopping centers, schools, major roads? I am new to this when looking at pros and cons of certain suburbs, I am just getting confused. I realize that different infrastructure will appeal to different tenants, but I would like to know has anyone seen particular trends in both yields and CG with respect to infrastructure not just in Brisbane but in general? I would be very interested in your opinions/justification. Thanks, Tom.
Depends on the city and suburb. Ferries in most of melbourne won't work...... Hospitals and unis are usually good to be near. The Y-man
The biggest, most consistent driver of house prices has always been good schools. Transport, shops, entertainment, etc. These are all important, but being in the right school zone outweighs these every time.
I was looking around Stafford north of Brisbane. There seems to be most of the above mentioned except for rail. Suburbs closer to Gympie Rd seem to be much more expensive however for an extra 5min drive west, the prices seem much more reasonable. Wavell heights and Kedron seem popular. Perhaps to their proximity to major arterial roads and airport?
Anyone have much experience renting to uni students? After studying at a University of Queensland I've seen the competition for accommodation near uni's. However the transient nature of students, and the possibility of no tenants between academic years puts me off a bit.
In Victoria, tenants normally sign a 1 year lease, so unless you are running a rooming accomodation or short term lease, unlikely. The Y-man
