thoughts on 1 bedders as investments (within Brisbane CBD or within 3km of CBD)

Discussion in 'What to buy' started by Danielt25, 20th Nov, 2015.

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  1. Richard Taylor

    Richard Taylor Well-Known Member

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    Daniel do not do it.

    You can stand on the storey bridge and throw the dollars in the wind if you want a short term thrill.

    A CBD unit will sounds fantastic on the surface but will suck you dry over time.

    IMO you are a lot better off in the other 2 suburbs you mention than the CBD.

    Cheers


    Richard
     
    Richard Taylor, 21st Nov, 2015
    #21
    jim1964 likes this.
  2. <JC>

    <JC> Active Member

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    Do not buy it. CBD will over supply in next 3 years. The rental yield looks great at the moment but think about it once all the new apartments finish within 2-3 years. What is going to happen with the rental yield ? The Sales will provide you a lot of data to brain wash your minds so you can put down the deposits. you need to consider about the holding cost too.
     
    <JC>, 21st Nov, 2015
    #22
    Tekoz likes this.
  3. JDP1

    JDP1 Well-Known Member

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    Plus, I think the OP can do better with 400k. It's still a reasonable amount in brisbane. eg I'd be looking at 2 bedroom 2 bath 1 car townhouse or villa in Runcorn, Sunnybank areas...yield for those would still be good, and the land, although smaller than a house, will give some cg kick. Just make sure specific location is good as that will be a prime driver of rentability, attractiveness to tenants, and cg for longer term.
     
    JDP1, 21st Nov, 2015
    #23
    Tekoz likes this.
  4. Tekoz

    Tekoz Well-Known Member

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    Yes @Gockie my friend as well, he bought "another" one in Brisbane Infinity tower (existing 2/2/1) because he thinks that the apartment cost is still cheap compare to the other main city CBD.

    Note: He already bought one in Fortitude Valley OTP using his three other Sydney IPs equity in Holsworthy, Blacktown and Jordan Springs.
     
    Tekoz, 23rd Nov, 2015
    #24
  5. Mumbai

    Mumbai Well-Known Member

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    What are average body corporate fees for an older 2 bedroom apartment in Brisbane ( indooroopilly, toowong,etc)
     
    Mumbai, 29th Nov, 2015
    #25
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