Qld - Where to buy?

Discussion in 'Where to Buy' started by Lovemuscle, 10th Jul, 2019.

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  1. Lovemuscle

    Lovemuscle New Member

    Joined:
    10th Jul, 2019
    Posts:
    1
    Location:
    Sydney
    Hey everyone.

    I am from Sydney and I am looking to purchase a house as an investment property in Queensland (Brisbane and Sunshine Coast most likely). Ideally, I would want to around $400k, although could branch more if needed. I was looking for a cheaper place, with the chance for growth. Like everyone, I'd like to get someone in and have the rent cover most of the mortgage.

    Suburbs I found that may fit the bill include Forest Lake, Narangba, Acacia Ridge, Alexandria Hills, Inala, Springfield Lakes, Hillscrest, Bald Hills, Waterford.

    How would you rate some of those in terms of chance to rent out, possible growth etc? Is there anywhere else you would recommend?

    Thanks,

    LM
     
  2. Hayes

    Hayes Well-Known Member

    Joined:
    15th May, 2019
    Posts:
    103
    Location:
    Northmead
    Using the search bar you can search this forum for said listed suburbs and see what others have spoken about these suburbs before.

    I've seen a lot of people on here talking about moreton bay for that price point. Deception bay has been spoken about also.

    Maybe someone else has more info for you. Best of luck and welcome to the forum!
     
  3. JSS

    JSS New Member

    Joined:
    11th Jun, 2019
    Posts:
    1
    Location:
    Brisbane
    I would also try new Doolandella, Springfield Lakes, Heritage Park, Regents Park etc. Great demand and growth suburbs near infra corridors. You will need to push your budget unto mid to high 400s however.
     
  4. Patrick Bateman

    Patrick Bateman Well-Known Member

    Joined:
    12th Nov, 2017
    Posts:
    2,567
    Location:
    Brisbane
    Can you push your budget up to around $600k ? You’re scraping the bottom of the barrel at your price point . You’ll be buying in very questionable areas with high likelihood of dodgy tenants and questionable prospects of decent capital growth anytime soon
     
    QldKoolies likes this.

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