Where to Buy IP?

Discussion in 'Where to Buy' started by Clem, 11th Mar, 2022.

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  1. Clem

    Clem Member

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    Hi

    Looking to invest on my first IP, did some research and these suburbs are appealing to me 1) North of BNE - around North Lakes, Kallangur, Caboolture etc or 2) Melb - eg Melton, Werribee etc

    Stretching my budget to catch the ride of the booming wave. Any thoughts?
     
    Clem, 11th Mar, 2022
    #1
  2. skater

    skater Well-Known Member

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    Welcome to the forum.
     
    skater, 11th Mar, 2022
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  3. momentum26

    momentum26 Well-Known Member

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    North Brisbane would be my pick out of the two.
     
    momentum26, 11th Mar, 2022
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  4. The Y-man

    The Y-man Moderator Staff Member

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    How much are you looking to spend?

    The Y-man
     
    The Y-man, 11th Mar, 2022
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  5. Clem

    Clem Member

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    stretching my budget to around mid 400
     
    Clem, 11th Mar, 2022
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  6. Clem

    Clem Member

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    Olympic?
     
    Clem, 11th Mar, 2022
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  7. Whitecat

    Whitecat Well-Known Member

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    How about caboolture near the train station on a big block?

    Edit: Probably not for 400.

    Btw check flood maps whereever you go. Moreton Bay floods.
     
    Whitecat, 11th Mar, 2022
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  8. Clem

    Clem Member

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    That is one of the biggest concerns - any chances the flood zone may change over time? I have seen council occasionally change zone - from medium density to low density that hurts.........
     
    Clem, 11th Mar, 2022
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  9. Whitecat

    Whitecat Well-Known Member

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    Give it a wide margin of error then. Go and see how high the land is in relation to the flood zoned parts.
    Generally speaking the flood mapping is pretty good though.
     
    Whitecat, 11th Mar, 2022
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  10. Clem

    Clem Member

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    how about Melb....at least there is no major flooding reported thus far. Apart from the Olympic effect unsure if the market is going to sustain?
     
    Clem, 11th Mar, 2022
    #10
  11. Ariyahn2011

    Ariyahn2011 Well-Known Member

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    North Queensland.
    Townsville, Mackay, Rocky - take your pick.
     
    Ariyahn2011, 11th Mar, 2022
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  12. Nathan Prasad

    Nathan Prasad Well-Known Member Business Member

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    Hi,

    I would say check out Logan if your budget is under $600k - we are getting some crazy capital growth and rental yields. With all of my investment purchases, we make the majority of our money on the purchase. So I think most of those areas will work just to understand what is a high performing property in that area. Take the time to build a solid strategy upfront. e.g Suburb and style of property ect. Then implement it by looking at all online properties but then email, call and text local agents to find off-market deals. Chris Voss has a good book on negotiating that will help you negotiate a good purchase price.
     
    Nathan Prasad, 15th Mar, 2022
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  13. Callum Sinclair

    Callum Sinclair New Member

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    Hi Clem,

    Congratulations on being in a position to starting investing in property.

    QLD has seen terrific growth the last few years for a variety of reasons and Melb has generally been stable for a long time.

    Happy to help

    Can I ask what specifically you are after - house, unit, townhouse, apartment?

    Price point?



     
    Callum Sinclair, 30th Mar, 2022
    #13
  14. Lindsay_W

    Lindsay_W Well-Known Member

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    Are you a buyers agent or ?
    Price point is mentioned earlier in the thread
     
    Lindsay_W, 30th Mar, 2022
    #14
  15. Lindsay_W

    Lindsay_W Well-Known Member

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    What about Perth?
     
    Lindsay_W, 30th Mar, 2022
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  16. skater

    skater Well-Known Member

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    Haha, I thought the same. Interesting post from a first time poster.
     
    skater, 30th Mar, 2022
    #16
    Lindsay_W likes this.
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