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

It will have to be deve site in vic

 

Recently bought in Bald Hills and Coombabah. Last year bought in Bracken Ridge and Woolloongabba. All detached houses. Bought a bargain in Bracken Ridge which has grown about 11-12% so pretty happy about that. Woolloongabba hasn't really gone anywhere I think.

I think Bald Hills is a great area; very nice family friendly estates and super close to great schools and amenities in Carseldine. Other northern bizzy burbs just outside of the middle ring including bray park/lawnton respresent great value now I think.

C'mon Queensland!!

 

Hope to buy two in Brisbane this FY although got to get my act together.

 

It will be interesting to see what this poll looks like in a months time but it looks like Brisbane, Adelaide and Melbourne areas are the most targeted.

 

Hi ellenay
If you go Melb look at Croydon, it is running hot, there are pockets suitable development, but key is picking them up at right price.

Is Auckland still running hot?

If buying in NZ with Au$ on a low how will this pan out for u, it's also the money play/exchange that needs to be considered when buying o/seas.
No stamps duty is great.

All the best

MTR

 

Thanks M, I'll look at what you suggested for Melb. Auckland is crazy and I wouldn't go there just now but had somewhere else in mind. I wouldn't bother putting AUD into the deal, have plenty of equity over there already. I have some income in pounds so yes, definitely enjoying the exchange rate benefits that you can get with different currencies (until it all goes pear shaped).

 

Had no idea Auckland was still crazy. Stay away for sure.
Lucky you with the currency. Good luck with NZ, you have been doing so well, good for you

MTR

 

NZD has followed AUD lower recently.
I voted for Adelaide, looking for one more this year. Also hoping Brisbane kicks on a little this year.

 

You should add Gold Coast to the list if you can edit the poll. It's Australia's 6th biggest city (bigger than Hobart) and I think the smart money is now buying there including Nathan Birch and others on this forum.

 

I'm interested in where the 'other' are going to invest?

 

I just put the capitals & state which refers to the whole area. The number of choices in the poll is limited so I can not add anyone.

I did want a option with "I don't have the finances to purchase this year".

 

Still in NSW for me. May venture out to Queensland.

 

I would like to buy again this year in Oz, but it will probably end up being next year some time. I need to time to work through some existing projects before going again.

We purchased in Moscow early last year. A nice little apartment on the outskirts of Moscow. At this point it is a fair way from the Metro but there are plans to get a metro station within walking distance of the block in 2018/19. When that happens it is most likely the value will spike.
We paid 6mln Rubbles for it. Borrowed 4mln (66%). The exchange rate then crashed and our loan went from USD$140k to about $70k equivalent.
I guess correspondingly the property is still only worth 6mln Rubles. So if we sold we would be hurting on the exchange. However, we are planning to hold long term and enjoy what is currently about a 10%CF. When/if we sell I guess ultimately we are at the mercy of the exchange rate. So who knows how it will play out.
We are planning on buying another one in Moscow in the coming months.

Russia is not a place to invest for the feint hearted, and I wouldn't be there if my wife wasn't Russian.

Blacky

 

Insert Black Russian joke here.

 

Would like to purchase in Perth and move there.

 

Interesting. Where did you buy in Moscow? Govorovo, no?
I have sold in Moscow a year ago, before coming back to OZ. It was a great deal, the best ever. Exchange rate was in my favor, thank god.
The Moscow market is interesting now. Prices had dropped 50% in USD, but only about 20% in AUD dew to falling Australian dollar. Prices may fall further.

 

Looking around the north-east suburbs of Melbourne - hoping to pick up a 2 bedroom villa unit.

 

Vic
A house as close to CBD as possible

 

I think I'm in the 'other' category. Maybe I should change my vote? I'm passionate about Brisbane but I hold a portfolio there already and want to spread my risk a little more.

I'm thinking about major regionals... Ones with multi-faceted economies, an even age-demo (meaning, not one of dozens of ageing regional towns!), and of course an increasing population/demand.

So... that rules out about 95% of 'major' regionals (Regionals with populations larger than 30,000).

Any thoughts on regional focus?

 

Traitor..

You need to buy as much as possible in brisbane , even if you already have some there.