Where are you buying now?

I don't think I've seen one of these for a while, so figured it'd be good to get a feel for where everyone is at right now and which markets people have confidence in.

I realise this is a bit "East Coast-centric" but didn't want to go bananas on the number of options.

 

Perth

 

If I can still buy today I would continue to jump into the Brissie market as it hasn't really had the significant growth yet. As close to CBD and as much as my budget can afford.

Otherwise I would monitor Perth closely after Brissie. At some point in time it will enter recovery phase so would be a good time to jump in and grab some bargain before other investor does.

Cheers,
David

 

agree

 

Adelaide

 

I couldn't help but laugh at the typo in the second last option

 

Im starting to look at sydney apartments along train stations

 

the last option is an interesting one

"Holding cash and waiting for the correction"

there are 2 sides of the story: lending environment, market.

lending, which is not getting any better, might be getting worse for quite a while.

market, lots of markets outside Sydney & Melbourne.

unless ppl waiting for a big drop in the 2 mega cities, AND have the borrowing capacity.

"Waiting" is an interesting choice or mindset, maybe

 

Just bedding 4 properties in US

 

Maybe he is an ass type of guy!

 

I'd rather bed 4 women in aus

 

Why no mention of Adelaide? I've always a big fan of Adelaide and have seen some very solid growth!

If I still have capacity I would like to buy I. Adelaide and some regional NSW.

 

Haha, can't see how to edit the poll options so looks like @sses stays

Results so far are probably inline with what I'd expected. Personally I'm looking at Brissy or Ballarat (probably already missed the boat in Geelong) but also serisously considering just patiently waiting to see if bargains start to come up in Melbourne.

 

Fully loaded in SEQ, and quite happy to hold these. Keeping a very close eye on a selection of suburbs in Perth, I see correction there closer to the finish than the start and could see myself buying there before end 2018.

Also holding cash, have a heap of buy targets set on Aus LICS and global ETFs that I think are getting into overvalued territory, waiting for a correction in these.

 

Also, going to go a bit contrarian here but I think lots of the big regional hubs around Sydney and Melbourne are high risk and quite overvalued.

I have a theory here that part of what is going on is you have Sydney and Melbourne property owners who have made big equity gains. They are looking to invest in areas they are more familiar with that are geographically close and seeing prices that look relatively cheap.

I can't reconcile how median prices in regional hubs of 100,000 people (Ballarat, Newcastle, maybe etc) which aren't constrained for developable land and are hundreds of Ks away from these cities should be valued higher than properties within 15k ring of Brisbane Perth or Adelaide. Could probably attribute some of the Hobart boom to this phenomena too.

 

One thing that I learn and observed being a lender based in the Hills cover Windsor and Richmond NSW is that in regional places people don't think like we do in Sydney. There are actually a lot of highly paid jobs that are none white collar in regional cities and they HATE metropolitan.

Also most of them are owner occupiers that are very emotional and welling to pay big bucks for their dream home. In fact these regional cities are actually getting more modern and desirable to live to be honest.

 

Maybe, but then why isn’t Toowoomba rising? Or Barossa? or regional Qld or regional WA? Some of that could be due to mining downturn, but not all regionals are linked to mining. Yet pretty much everything within 300ks of Sydney/Melbourne has been going gangbusters.

 

one reason is that people priced out of melb and Sydney move to these towns to live and if they want to visit friends or family they just hop.in the car for a couple of hours
same can be said for retirement destinations

whilst Perth or Brisbane may be better value the reality is that catching a plane is not most peoples idea of fun
as for investment then I think you are quite correct that there are better options but if theres money to be made in the short term then may as well ride the wave

 

Hit my acquisition target in 2017.

Currently helping friends buy in Brisbane.