Join Australia's most dynamic and respected property investment community

Where is your last/next purchase?

Discussion in 'Where to Buy' started by daves88, 22nd Sep, 2016.

  1. daves88

    daves88 Member

    Joined:
    19th Sep, 2016
    Posts:
    22
    Location:
    Sydney
    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
     
  2. wombat777

    wombat777 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,423
    Location:
    33°41'24.7"S 150°55'34.3"E
    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.
     
    Leo2413, MsAli and RetireRich101 like this.
  3. radson

    radson Well-Known Member

    Joined:
    4th Jul, 2015
    Posts:
    808
    Location:
    Balmain
    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.
     
    MTR likes this.
  4. Mick Butterfield

    Mick Butterfield Well-Known Member

    Joined:
    15th Jan, 2016
    Posts:
    408
    Location:
    Bermagui NSW
    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.
     
    ej89, SOULFLY3, York and 3 others like this.
  5. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,578
    Location:
    Adelaide, SA
    Last - character home beach side Adel
    Next - either a good yield commercial or a resi reno flip, wherever makes money
     
  6. ellejay

    ellejay Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,118
    Location:
    Kimberley and NZ
    Last puchase was Hoppers Crossing. Next possibly commercial here or overseas. Basically wherever the numbers make sense.
     
    Leo2413 likes this.
  7. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,375
    Location:
    Perth, Melbourne, USA
    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
     
    ej89, Northy85, Esh and 15 others like this.
  8. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,143
    Location:
    Canberra and Sydney
    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
     
    Toon likes this.
  9. Nightowl

    Nightowl Active Member

    Joined:
    2nd Aug, 2016
    Posts:
    39
    Location:
    Sydney
    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
     
    Taku Ekanayake likes this.
  10. Heinz57

    Heinz57 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    493
    Location:
    Brisbane
    No real estate windows in Hobart?
     
  11. Mick Butterfield

    Mick Butterfield Well-Known Member

    Joined:
    15th Jan, 2016
    Posts:
    408
    Location:
    Bermagui NSW
    @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!
     
    HeavenlyThang likes this.
  12. SK Investments

    SK Investments Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    174
    Location:
    Wherever the wind takes me, currently Brisbane
    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.
     
  13. joel

    joel Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    783
    Location:
    Adelaide
    Last - a quaint house in Christie Downs SA

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

    fols Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    151
    Location:
    Sydney
    Last. Melbourne West.
    Next. Melbourne South

    Why? Growth drivers.
     
    ashish1137 likes this.
  15. strongy1986

    strongy1986 Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    201
    Location:
    VIC
    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
     
  16. strongy1986

    strongy1986 Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    201
    Location:
    VIC
    Big blocks in adelaide are hard to come buy
    Considering the size of the city. Good geographical constraints though for growth
     
    MTR likes this.
  17. strongy1986

    strongy1986 Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    201
    Location:
    VIC
    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.
     
    MTR likes this.
  18. Leo2413

    Leo2413 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    5,735
    Location:
    Sydney
    Holy $hlt we gotta meet up . my shout:)

    Gotta pick those brains..
     
    Magnet and MTR like this.
  19. Ghoti

    Ghoti Well-Known Member

    Joined:
    10th Jun, 2016
    Posts:
    124
    Location:
    Melbourne
    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.
     
  20. Beano

    Beano Well-Known Member

    Joined:
    7th Apr, 2016
    Posts:
    404
    Location:
    Brisbane
    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.
     
    Colin Rice and Gockie like this.