Where to buy 2016?

Discussion in 'Where to Buy' started by Daves2074, 28th Dec, 2015.

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  1. Azazel

    Azazel Well-Known Member

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    Double digit dollar or percent?
    ;)
     
    Azazel, 2nd Mar, 2016
    #141
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  2. MTR

    MTR Well-Known Member

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    Criteria - markets that are moving for CG and developing property for gains

    I purchased in 3 rising markets during this period, all achieved double 40%+ growth
    Perth
    Sydney
    Melbourne

    Yield is important, however if you are making 40-50% on capital who cares about the yields?

    I posted plenty search my posts, that was my point..flying under the radar..

    I did look at Brisbane/QLD but did not attract me, at the time it was not moving, buying in and paying stamp duty combined with high rates was not attractive

    As I mentioned b4 investors are focusing on entry level, perhaps this is what they can afford, But clearly if you can afford Melb you would have already made profits, most are still waiting
     
    Last edited: 3rd Mar, 2016
    MTR, 3rd Mar, 2016
    #142
    Perthguy and Whitecat like this.
  3. sofman

    sofman Active Member

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    Interesting article

    The once unfashionable Melbourne and Sydney suburbs now in high demand
     
    sofman, 21st Jul, 2016
    #143
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  4. Tinaandalex

    Tinaandalex Well-Known Member

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    I can second Melbournian. We've just bought an IP in West Footscray and the investment's been doing very nicely in the past few months.
     
    Tinaandalex, 21st Jul, 2016
    #144
  5. JamesP

    JamesP Well-Known Member

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    Our criteria was to not to pay 500k for a hunk of junk that was only 300k last summer. A sound plan. Avoiding the countless opens with 40 people lining up to pay half a mil in Sweeney Drive Narre Warren, we bought 8km up in the bush where it never grows or hadn't yet. However has caught up nicely. 20%+ increase including renovations in an area with 4% 10 year average.

    Property cost 510k and had a yield of 500p/w at the time. If it didn't catch any growth it was at least covering itself. Narre, Hampton Park and Hallam all jumped from low 300's to mid 400/500's which was cute at the time.
     
    Last edited: 21st Jul, 2016
    JamesP, 21st Jul, 2016
    #145
  6. See Change

    See Change Well-Known Member

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    Nice to see Melbourne kicking on further . Brings the Brisbane boom closer .

    Cliff
     
    See Change, 21st Jul, 2016
    #146
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  7. Sackie

    Sackie Well-Known Member

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    @See Change Brisbane is going to boom..??? :cool:
     
    Sackie, 21st Jul, 2016
    #147
  8. joel

    joel Well-Known Member

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    Adelaide baby.. 23% gain in the last 6 months on a 9% yielding property in the metro area ;)
     
    joel, 21st Jul, 2016
    #148
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  9. samiam

    samiam Well-Known Member

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    on my way
    hope you are right very soon :p
     
    samiam, 21st Jul, 2016
    #149
  10. Plutus

    Plutus Well-Known Member

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    No! I want another 24-36 months to buy a few more.
     
    Plutus, 22nd Jul, 2016
    #150
  11. sash

    sash Well-Known Member

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    My view in order of preference:

    1. Outer Melbourne & Geelong houses
    2. Brisbane
    3. Adelaide properties within 15 klms
    4. Perth.....low ball offers only..it will come good and when it does it will amaze people...
    5. Opportunities forming in Sydney....question of when....

    Would stay out of Sydney.....for the moment....a correction is imminent...some areas have pulled back...others irrational buyers keep pushing things.
     
    sash, 22nd Jul, 2016
    #151
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  12. See Change

    See Change Well-Known Member

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    Brisbane Closer , not very soon . though things are starting to pick up after a quiet three months with election .

    Cliff
     
    See Change, 22nd Jul, 2016
    #152
  13. Sackie

    Sackie Well-Known Member

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    I like the order. For me it would be similar. .(1,2 either is fine depending on the deal),3,4,5. I think though that if there is a great deal that stacks up in Adelaide in a great location then I would nab it too.
     
    Sackie, 22nd Jul, 2016
    #153
  14. sash

    sash Well-Known Member

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    The real surprise is the resilence of Melbourne....Adelaide and Brisbane have been ho hum in comparison.

    Sydney...is a no go for the moment....good way to get burnt....but as I said opportunities will present soon....watch the apartment sector...increasing amounts of Chinese buyers getting out leaving their deposits behind...little do they know about developer recourse...that is assuming some developers don't go bust as in every cycle....
     
    sash, 22nd Jul, 2016
    #154
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  15. Sackie

    Sackie Well-Known Member

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    Yes I agree there are many areas where the apartment markets are going to be hit, especially where people paid too much and also areas in secondary locations.
     
    Sackie, 22nd Jul, 2016
    #155
  16. 2FAST4U

    2FAST4U Well-Known Member

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    Melbourne and Adelaide <20km.
     
    2FAST4U, 22nd Jul, 2016
    #156
  17. See Change

    See Change Well-Known Member

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    Sash

    Melbourne always goes up before Brisbane and Adelaide .

    Cliff
     
    See Change, 22nd Jul, 2016
    #157
  18. hash_investor

    hash_investor Well-Known Member

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    nice one mate. which suburb is that?
     
    hash_investor, 22nd Jul, 2016
    #158
  19. joel

    joel Well-Known Member

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    Smithfield Plains! The home of rusted out commodores and teenage pregnancy
     
    joel, 22nd Jul, 2016
    #159
  20. hash_investor

    hash_investor Well-Known Member

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    how much did you buy it for? what are the numbers and type of dwelling?
     
    hash_investor, 22nd Jul, 2016
    #160
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