Where in Australia are you Looking to Buy this Financial Year?

Discussion in 'Where to Buy' started by rhinsor, 12th Jul, 2015.

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Where in Australia are you Looking to Buy this Financial Year?

Poll closed 12th Jan, 2016.

  1. Adelaide (S.A.)

    43 vote(s)
    22.5%

  2. Brisbane (Queensland)

    81 vote(s)
    42.4%

  3. Darwin (N.T.)

    2 vote(s)
    1.0%

  4. Hobart (Tasmania)

    3 vote(s)
    1.6%

  5. Melbourne (Victoria)

    29 vote(s)
    15.2%

  6. Perth (W.A.)

    12 vote(s)
    6.3%

  7. Sydney (N.S.W.)

    13 vote(s)
    6.8%

  8. I Haven't Decided yet

    13 vote(s)
    6.8%

  9. I'm not Buying this Year

    17 vote(s)
    8.9%

  10. Other

    9 vote(s)
    4.7%
Multiple votes are allowed.
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  1. rhinsor

    rhinsor Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    664
    Location:
    Perth
    So I haven't see a thread or poll for this yet. This is multiple choice and you can change your answers.
    Only purchases from 1st July 2015 to 30th June 2016 mainly due to the recent changes in lending finance & the economy.

    1. Where are you Buying/Looking to Buy? State, City. Can put multiple Answers
    2. What are you Buying/Looking to Buy? House, townhouse, land etc.
    3. What are you Expecting from your Purchase? Cash Flow, Capital Gains, Develop etc.
    4. When are you Buying/Looking to Buy? Just Settled, ASAP, end of the Year etc.
    5. What Influenced your Decision for this Purchase?
    6. Other comments.

    If you can suggest other things to add please let me know.
     
    rhinsor, 12th Jul, 2015
    #1
  2. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,190
    Location:
    Adelaide and Gold Coast
    More cashflow positive development sites in Adelaide, for me
     
    D.T., 12th Jul, 2015
    #2
    ellejay likes this.
  3. rhinsor

    rhinsor Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    664
    Location:
    Perth
    Are you only looking in Adelaide due to living there?
    I've only purchased in Perth due to living here but I'm slowing researching other states to buy in.
     
    rhinsor, 12th Jul, 2015
    #3
  4. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,190
    Location:
    Adelaide and Gold Coast
    No, was buying in Adelaide when I lived in Perth too as each time around was faced with the proposition of one vs multiple
     
    D.T., 12th Jul, 2015
    #4
  5. Reindeer

    Reindeer Member

    Joined:
    18th Jun, 2015
    Posts:
    18
    Location:
    Sydney
    I haven't decided yet. I was thinking to buy some properties in Brisbane but I am also helping my parents to do a multi-unit development in Sydney. I am doing the development part time and need to look after my own family so I may not have the time to purchase properties in Brisbane.
     
    Reindeer, 12th Jul, 2015
    #5
  6. Hodor

    Hodor Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,238
    Location:
    Homeless
    Brisbane.

    I believe there is upside to be had in the short to medium term
    It will give us more complete exposure to the major east coast markets, there by increasing the chances that we will see solid CG from a property in any given year. This is all part of our long term plan.
    Looking for a CG property that is at least neutrally geared.
    Looking at town-houses to allow entry into a better suburb.
    Wanted to buy before Oct, might be delayed due to other things in the pipeline, still looking for a purchase in 2015.
     
    Hodor, 12th Jul, 2015
    #6
  7. ellejay

    ellejay Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    2,192
    Location:
    Kimberley and NZ
    Thinking about international rather than Australia because stamp duty and LMI do my head in but if I do go for local Melbs is where I'm looking at.
     
    ellejay, 12th Jul, 2015
    #7
  8. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,190
    Location:
    Adelaide and Gold Coast
    Intl as in nz or?
     
    D.T., 12th Jul, 2015
    #8
  9. ellejay

    ellejay Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    2,192
    Location:
    Kimberley and NZ
    Hey, NZ or maybe UK. Looking at all options...again.
     
    ellejay, 12th Jul, 2015
    #9
  10. C-mac

    C-mac Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    1,348
    Location:
    Sydney
    Ellejay stamp dury sucks but LMI can at least be capitalised on to the loan. Also, if you were to use a big-4 bank for finance, by default of APRA rules, you'd have 220 deposit anyway and would not need LMI anyway.

    Curious.. what overseas markets if you don't mind me asking, and why?
     
    C-mac, 12th Jul, 2015
    #10
  11. C-mac

    C-mac Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    1,348
    Location:
    Sydney
    Sorry just saw your previous reply. NZ and UK huh. Interesting.
     
    C-mac, 12th Jul, 2015
    #11
  12. HUGH72

    HUGH72 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,022
    Location:
    QLD
    AUD is down relative to the Pound so buying in UK has quickly become more expensive
     
    HUGH72, 12th Jul, 2015
    #12
  13. Johann_

    Johann_ Well-Known Member

    Joined:
    1st Jun, 2017
    Posts:
    374
    Location:
    Melbourne
    Hey Ellejay, Sure in Australia we have stamps and LMI but believe or not most counties have more tightening lending conditions then Australia. We had a property in Chile for 6 years and we sold last year. The returns where great but serious the only way we managed to do well was our family freinds was living in the property.
     
    Johann_, 12th Jul, 2015
    #13
  14. Coota9

    Coota9 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,286
    Location:
    Melbourne
    Looking a purchasing another 2 IPs this year, one in Victoria one in Adelaide..
     
    Coota9, 12th Jul, 2015
    #14
  15. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,190
    Location:
    Adelaide and Gold Coast
    Fixed that for ya Coota :)
     
    D.T., 12th Jul, 2015
    #15
  16. C-mac

    C-mac Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    1,348
    Location:
    Sydney
    Coota, can I ask where in Adelaide you are considering? And in Vic - MMelbourne, geelong, or regionals?
     
    C-mac, 12th Jul, 2015
    #16
  17. ellejay

    ellejay Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    2,192
    Location:
    Kimberley and NZ
    True, but I like to have a grumble about it now and again anyway.
     
    ellejay, 12th Jul, 2015
    #17
  18. Steven Ryan

    Steven Ryan Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,656
    As I've mentioned elsewhere, Brisbane at the moment.

    May look elsewhere, later in the FY, if it makes sense and I have the means.
     
    Steven Ryan, 12th Jul, 2015
    #18
  19. Coota9

    Coota9 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,286
    Location:
    Melbourne
    @C-mac

    I will need to ask my Adelaide Buyers Agent..D.T

     
    Coota9, 12th Jul, 2015
    #19
  20. serendip

    serendip Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    146
    Location:
    Sydney
    Newcastle - buy / reno / hold - Newcastle because I'm there & I think there's suburbs with plenty of potential for that strategy & I'm here so that will make things more simple. Would like to have tenants in before Christmas so I probably need to get moving. If it works I should be able to do another 1st 1/2 of next year. May look beyond Newcastle for that one unless I can find / afford a future dev site.
     
    serendip, 12th Jul, 2015
    #20
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