Sunshine Coast or Brisbane

Hi All

First time IP buyer and forum participant here. Can I please have your thoughts on buying an off the plan property in Peregian Springs over an established house/townhouse in Brisbane. Which one do you think would be the better option for capital growth. Thanks

 

There is no question is my mind that an established house in Brisbane is the better option over an OTP purchase basically anywhere, but definitely on the SC.

The reasons are many and varied and I spend a considerable amount of time providing education assistance to clients and other investors as to why. Chasing depreciation, promised high yields (often with a shady rental guarantee) and promised capital growth in new developments that the sales agent (often disguised as an "adviser") said would happen with the assistance of a glossy brochure is probably one of the biggest mistakes you can make, particularly in the early stages of your investment journey.

- Andrew

 

This ^^, so much this.

Established house in Brisbane.

 

yep. Even like for like property, Brisbane ( assuming fairly close to the cdb) should show more cg than peregian springs in med and long term averages, and most likely in the short term as well ( 2-3 years) with the possible exception of inner city apts esp OTP.

 

Agree with all others.
Sunshine Coast believe it or not is still fairly regional. Less diverse demand. More volatile. A great place but for peace of mind with tenanting etc you will have more stability and ongoing demand in bne.
Also never buy otp. The depreciation advantages never outweigh the opportunity cost of cgs of something closer to the cbd and the inflated price and can't add value