What are your interstate IP strategies right now?

Hi Sydney and Melbournian

As everyone knows Sydney and Melbourne is at peak and will be corrected, what are your strategies to long term investments if you have cash or equity available now?

 

We're seeing a lot of reno + hold over here.

 

Would definitely invest in other states to ride another cycle. Why wait to ride 1 cycle in every 10-15 years if you can ride 2-3 cycles in the same period. You can the also spread out your portfolio so you pay minimal or no land tax at all.

 

Done all my buying in Brissy over the last 3 years , about 4.5 mil and currently developing some and plan to develop splitters next year and now waiting for 1 or 2 of the Perth markets to reach my risk profile before jumping in. If you haven't invested in Brissy yet there is ample opportunity to get in to various markets atm.

 

Melbourne still ticking along nicely so agree has come off boom but still consistent mid 70's clearance rates and steady growth now.
Develop & sell in Melb, profits used for debt recycle PPOR debt & reinvest in either Bris or Adel (likely Bris).

 

Even though the "boom" time of crazy exponential price increases monthly has slowed - there are still ALOT of suburbs increasing in value. Especially ones under 1 million and where FHB can actually afford it. (i.e) Parramatta and surrounds.

I was out and about last week Blacktown and surrounds also still quite active and many many parties looking at houses to buy at open homes.

 

Same in Melbourne. Market is till hot in certain surburbs.

 

Hoping to buy into Tassy and start my interstate buying.

 

Which markets would you recommend?

 

To be honest I only know the markets I closely monitor and am familiar with which are inline with my own strategies. I have been saying for quite awhile I believe Brisbane shows good value, but exactly which markets you choose to invest in will depend on your own individual circumstances and strategy. I know people who have invested in the inner/middle rings and have done well and others like @See Change have done well in Goonda which is 26km from the CBD.

 

I believe that Melbourne is for short term growth. Housing is still very hot here. Brisbane / Perth are for long term now.

 

When you say long term do you mean slow/steady sustained long term growth or boom (in the long term)?

 

If cash/equity is available definitely look at Brisbane/SEQ to ride the upcoming wave. Perth should also be a good option soon - just not sure whether it has hit rock bottom.

For now Brisbane/SEQ number still stacks up so that'll be my pick. It hasn't really boomed - in fact I think my Geelong IP which was bought about 6 months ago has got more growth than any of my SEQ IPs! So Brissie/SEQ market definitely still has it's potential.

The plan is to make money in the Brissie/SEQ/Perth market, then bring that back to Sydney market and go shopping when the time is right

 

Did you happen to invest in the Logan region?

 

No I haven't mate. Doesn't fit into my strategy and buying criteria.

 

Just spent a month in Tassie,place is hot.

 

I'm buying in Adelaide as its's such good value and very underrated I feel.

 

and this...

VIDEO – RBA about to turn up the heat | Real Estate Talk | Your Trusted Voice For Property Investing. Anywhere, Anytime.

 

I am focusing on cash flow and growing capital, continue loading up in USA, its a hot market, however must be cash flowing from DAY 1.

Sitting on my hands in Australia until something makes sense, with minimal risk.

MTR

 

Sitting on you hand in Australia? What’s wrong with qld atm?