Where is your last/next purchase?

Hey guys,

As topic suggests, i thought i would get a bit of a feel of:

• Where was your last property purchase? and why did you buy there?
• If you had to purchase in the next 6 months again where and why?

PPOR/IP all welcome

Thanks

 

Last - Moreton Bay. Infrastructure and other government investment that will drive growth. Rail link opening 4 October and the proposed/new University campus. Gentrification will occur in many areas.
Next - I should consider picking a different basket ( I now have two in the area ), however there should be good opportunities in the area for many years to come.

 

Last was Hobart. Basically a defensive purchase for our portfolio. Next hopefully will be blue mountains which is more of a lifestyle investment and then most likely Perth.

 

Last Purchase - Ipswich (Eastern Heights) because I am confident in the future of the city and you had the opportunity to buy well without competition.

Next Purchase - Atlanta in the US because I am working on ways to build cash flow, hand in hand with CG. Opportunity to buy with strong returns in an improving/diverse economy. Have just had an offer accepted today.

Next Next Purchase - Possible JV duplex on Far South Coast NSW as I know the area very well and am bullish about the prospects of the region.

 

Last - character home beach side Adel
Next - either a good yield commercial or a resi reno flip, wherever makes money

 

Last puchase was Hoppers Crossing. Next possibly commercial here or overseas. Basically wherever the numbers make sense.

 

We just settled on a 5 townhouse site in Atlanta and 2 other 5 townhouse sites under contract with DD clause in place.

Also settled on another 2 house blocks, 1 for single family home and town planner confirmed the other is duplex site.

Will start a thread on this shortly. Work in progress

MTR

 

Last - PPOR in Canberra

Next - possibly a PPOR on the Sunshine Coast Having said that - it's not something I'm going to rush into. The market is a tad more volatile than capital cities and other regional areas that aren't driven on tourism.

Cheers

Jamie

 

Last - PPOR in Canterbury region, Sydney. Bought because we liked it and fitted the budget

Next - Qld: something in Moreton Bay Region, for the reasons wombat mentioned, or closer to Brisbane. Why? Because we think Bris has some potential for growth

 

No real estate windows in Hobart?

 

@Heinz57 I like Lutana and West Moonah and that was the reason we were going there next month but a few opportunities have popped up and put that on the back burner. Will re assess mid next year and enjoy our 5 nights inTassie!

 

Currently working on a ppor purchase for my other half in Canberra ( South ).
Would consider a reno project near the water on the South coast in Shoalhaven or Eurobodalla after that.

 

Last - a quaint house in Christie Downs SA

Next - a humongous block in the east of Adelaide somewhere.. somehow..

 

Last. Melbourne West.
Next. Melbourne South

Why? Growth drivers.

 

Do the numbers work there for new builds?
I would of assumed with houses being so cheap it was more feasable to just buy a dump and do a renno

 

Big blocks in adelaide are hard to come buy
Considering the size of the city. Good geographical constraints though for growth

 

We bought a 1200sqm block on phillip island with an existing house
We are rennoing the house and subdividing

Sell the house and then transport a melbourne bulldoze job on to the other block, renno and sell

Not sure what we will be buying next, probably another 6 month project. A bit over pandering to tenants and i am feeling a little uneasy about the current prices, particularly in syd and some parts of melbourne. Any increase in rates and they will go down.

Having said that if you take out the big cities and nsw near sydney then pretty much every other marketvhas been in a steady price decline over the last few years so maybe good buying opportunity as yields are starting to become more palatable.

 

Holy $hlt we gotta meet up . my shout

Gotta pick those brains..

 

Been busy this year with a PPoR in Oakleigh and settling on 1st IP in Carrum Downs next week.

Why? Oakleigh to be closer to work, good public transport and was as close as I could afford! Carrum Downs coz I was looking around Frankston (Karingal actually) but the rents and tenants 'hosting' the opens seemed better.

Next possibly Phillip Island (seems a lot of folk retiring there) or South Australia as the economy seems to be turning.

 

The last purchase (this year ) was in NZ capital city
Brought for the location (seaviews , the waterfront entertainment area proximity to Te Papa the national museum) , yield (6.53pc net yield) , virtually no expenses or management cost (i will need to obtain a rental valuation in 13yrs ) ,national hotel chain tenant , no capital gains tax or stamp duty or land tax and virtually zero probabilty of rental default or vacancy.

I would do another deal like this in a heartbeat.