where to buy an investment property?

Discussion in 'Where to Buy' started by Petinalda, 27th Oct, 2016.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Petinalda

    Petinalda New Member

    Joined:
    27th Oct, 2016
    Posts:
    3
    Location:
    Qld
    Wondering where is a good place to buy an investment property. Have a budget of $450K with a plan to rent out for approximately 10 years then sell to fund retirement
     
    Petinalda, 27th Oct, 2016
    #1
  2. Phase2

    Phase2 Well-Known Member

    Joined:
    14th Jul, 2016
    Posts:
    1,289
    Location:
    Perth
    Hello and welcome :)
    Probably somewhere in SE Qld or Adelaide... Plenty of threads/opinions on here about which suburbs/areas people are looking into.
     
    Phase2, 27th Oct, 2016
    #2
    Petinalda and Tony Fleming like this.
  3. Propertunity

    Propertunity Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,476
    Location:
    NSW
    Rather than asking "where" you need more specific accounting and legal advice first.
    In what entity? personal or trust or SMSF etc
    What are the CGT ramifications of each?
    Asset protection considerations?
    Will it be negatively geared? For how long?
    What is your budget for reno / mtce for the 10 year hold period?
    What is your back up plan if you don't see the growth you are after? What if it takes 12 yrs to grow enough? What growth will you be happy with?
    ......and so on.
     
    Propertunity, 27th Oct, 2016
    #3
    Stoffo, Petinalda and Perthguy like this.
  4. MJS1034

    MJS1034 Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    426
    Location:
    Sunshine Coast
    Sunshine Coast.... Maroochydore to Caloundra
     
    MJS1034, 27th Oct, 2016
    #4
    Petinalda likes this.
  5. Greyghost

    Greyghost Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    1,635
    Location:
    Brisbane
    These are all very relevant points.
    I know what your saying and we don't know if OP has considered your points..
    However without a good asset what use is any structure. A dud property in a sound structure is still a dud property.

    Asset selection is key.
    Legal and accountanting are secondary.
    Like I tell my clients, you don't go into wealth creation to get a tax deduction, tax benefits are a peripheral benefit, if you can call them that even.
     
    Greyghost, 27th Oct, 2016
    #5
    Petinalda likes this.
  6. Anki

    Anki Active Member

    Joined:
    29th Apr, 2016
    Posts:
    35
    Location:
    Melbourne
    Why not Melbourne? As per latest HTW report, it's a rising market...;)
     
    Anki, 27th Oct, 2016
    #6
    Petinalda and Phase2 like this.
  7. Propertunity

    Propertunity Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,476
    Location:
    NSW
    I honestly don't know how these people stay in business. I've seen some areas swing wildly from month to month in these reports.
     
    Propertunity, 27th Oct, 2016
    #7
    Petinalda likes this.