Looking to buy first house up to high $300,000 range ( single person) Wondering if Redland Bay/ Acacia Ridge an area to buy - have houses needing Reno in this area . Prefer to stay Southside Worried poor transport facilities though in Redlands. Have lived near Beenleigh but want to branch out from this area Thanks for any help
Acacia Ridge is maybe out of that price range, Redbank Plains 4301 would be in that price range walk in without reno..Then if you are a risk taker Rocklea in the flood zone would also be in that price range.. 2 bed 5 pack brick--tile above 15 year old--walkups in Moorooka on above 800m2 lmr would also be in the 260k--300k.. Welcome to the site,it's not where you start but where you plan to be in 20 years..good luck.imho.. 21 Thomas Street, Blackstone, Qld 4304
Is this PPOR? I'm not sure why a single person would buy a house to live in. Where do you work? Maybe rent nearer there which broadens IP options.
For the CGs? 2nd part sounds like a plan. Personally, I wouldn't like to buy in western areas in Brisbane to live in as it's usually colder in winter and hotter in summer. It's also further away from the Gold Coast compared to places like Logan. That's the one thing Logan has got going for it, 20-30mins to the city (in decent traffic conditions) and on the way to the Gold coast. If you go north then you're closer to the Sunny Coast. West... Nuttin'.
I think your first purchase should be for growth, beg borrow as much as you can work three jobs and save to get as close to the city as you can and in an area with owner occupier appeal. Don’t rush into renter areas for your first because thats all you can afford. Look for family friendly areas where people own their homes.
Well I live in a 4 br house and single I like a garden, and I like a big garage for my cars. I recognised long ago apartments and townhouses are pretty much a dead end for wealth creation in Brisbane. Buying a house many years ago (and over the years buying more) has set me up quite well.
I'm not questioning the CG but you don't need to live in a place to achieve that. A 4-bedder is a lot of upkeep for one person, but if it suits your needs then fine.
You can airbnb/let rooms out for Borders/Tenants/Students/Travellers and then when your family grows, use the rooms for your family. My sister and her husband paid off their first home buy the age of 30 in Sydney, they rented out a room to a friend for the first few years. Note that they were also paying a relatively high interest rate too, 8%.
But it might be useful to @Coco or anybody else thinking of buying a more substantial property as their first home. Up to high $300k is pretty darn good for a house in a major city... Imo it's probably a smarter buy than a unit/townhouse for Brisbane. If the OP later has a family, they won't need to necessarily upgrade.
Lets not get distracted, the land component and location is what will work for the OP. Debating the improvements to the land is kind of an after thought, i’d say particularly for the first home.
Definitely 1000% buy a house in your price range vs unit . It's the much smarter option overall, from a ppor pov as well as market risk minimisation.
To each their own, but if we are talking about PPOR then quality of life > CG every single time for mine.