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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.)

    22.5%
  2. Brisbane (Queensland)

    42.4%
  3. Darwin (N.T.)

    1.0%
  4. Hobart (Tasmania)

    1.6%
  5. Melbourne (Victoria)

    15.2%
  6. Perth (W.A.)

    6.3%
  7. Sydney (N.S.W.)

    6.8%
  8. I Haven't Decided yet

    6.8%
  9. I'm not Buying this Year

    8.9%
  10. Other

    4.7%
Multiple votes are allowed.
  1. rhinsor

    rhinsor Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    439
    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.
     
  2. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,596
    Location:
    Adelaide, SA
    More cashflow positive development sites in Adelaide, for me
     
    ellejay likes this.
  3. rhinsor

    rhinsor Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    439
    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.
     
  4. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,596
    Location:
    Adelaide, SA
    No, was buying in Adelaide when I lived in Perth too as each time around was faced with the proposition of one vs multiple
     
  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.
     
  6. Hodor

    Hodor Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    745
    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.
     
  7. ellejay

    ellejay Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,123
    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.
     
  8. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,596
    Location:
    Adelaide, SA
    Intl as in nz or?
     
  9. ellejay

    ellejay Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,123
    Location:
    Kimberley and NZ
    Hey, NZ or maybe UK. Looking at all options...again.
     
  10. C-mac

    C-mac Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    797
    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?
     
  11. C-mac

    C-mac Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    797
    Location:
    Sydney
    Sorry just saw your previous reply. NZ and UK huh. Interesting.
     
  12. HUGH72

    HUGH72 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,124
    Location:
    FNQ
    AUD is down relative to the Pound so buying in UK has quickly become more expensive
     
  13. jpcashflow

    jpcashflow Well-Known Member Business Member

    Joined:
    21st Jun, 2015
    Posts:
    371
    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.
     
  14. Coota9

    Coota9 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    970
    Location:
    Melbourne
    Looking a purchasing another 2 IPs this year, one in Victoria one in Adelaide..
     
  15. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,596
    Location:
    Adelaide, SA
    Fixed that for ya Coota :)
     
  16. C-mac

    C-mac Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    797
    Location:
    Sydney
    Coota, can I ask where in Adelaide you are considering? And in Vic - MMelbourne, geelong, or regionals?
     
  17. ellejay

    ellejay Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,123
    Location:
    Kimberley and NZ
    True, but I like to have a grumble about it now and again anyway.
     
  18. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    2,458
    Location:
    Sydney & Gold Coast
    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.
     
  19. Coota9

    Coota9 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    970
    Location:
    Melbourne
    @C-mac

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

     
  20. serendip

    serendip Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    57
    Location:
    Newcastle
    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.