Where to buy cheap investment property

HI All

Just wondering wat are some good suburbs to buy in. Im based in nsw but loacation anywhere in Australia is an option. I really only want to spend up to $150,000 its basically just a tax write off for me and hopefully in 2-3 years time I can sell and perhaps make $40K or so also. Can anyone offer any pointers etc I was looking at a neat house in broken hill but did some research and population is decling etc so though I might have to give it a miss.

Thanks

 

There are suburbs in Adelaide where you can buy houses for $150k but I doubt you would make $40k in 2-3 years. Plus they are not negatively geared so won't be a tax write off.

 

I reckon you need alittle bit more planning and research. Best of luck

 

If it's a tax write off I assume this means you're planning to lose money? More research is needed before you jump in I think.

That being said - look at towns in the NW of Tas.

 

come to perth

 

Add another 100k to it and you'll fare better perhaps.

 

Not sure I would have "cheap" as the criteria for an investment property. That is not the mindset to be going in with if you are looking for a successful investment outcome. If you are going to be tying up capital for a period then it is all about the return.

 

Moranbah....that's a joke of course

Tasmania apparently is the go for growth....? I am not looking however the economy is in good shape, and some of the inner city suburbs already moving. Also when Au$ down this attracts tourism to this area....Do your own homework

I think this State is flying under the radar, same as Melb did in 2014/15

 

Maybe think a bit bigger,as 150k with the low interest rates you may end up paying tax..

 

You could scrape into a real entry level house in adelaide or a not as slummy unit but unless you are willing to do a big reno 40k natural cg isn't going to happen

 

Couldn't thibk of anything more ridiculous than "basically it's just a tax write off for me"

Wrong on so many levels..... Sorry to say

 

Kabul

 

Yes my view too
re tax write off you can achieve tax savings but my view is to
1 buy under rented properties
2 buy with partners as your small budget will restrict you to too few a selection
3 look everwhere
You said cheap ...but i assume you mean lower priced properties
Buying Cheap (under valuation) today may not always be good value. ..many of my best buys (i believe. ..proof of course we will not know till many years later ) have been hundreds of thousand dollars above registered valuation and properties being offered at well below valuation i have rejected.