Where to buy- Melbourne or Brisbane

Discussion in 'Where to Buy' started by San2018, 13th Nov, 2019.

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Where to buy/invest right now

  1. Melbourne

  2. Brisbane

Results are only viewable after voting.
  1. San2018

    San2018 Well-Known Member

    Joined:
    22nd Nov, 2018
    Posts:
    195
    Location:
    Sydney
    What is the best city to invest between Melbourne and Brisbane at the moment (considering the property cycles) which will give me good overall returns. Looking to invest in 10-15 KMs radius. Budget is ~550K. Looking for a balanced property with the good yield (~5%) and CG. Appreciate any comments to support the suggestion.

    Buy and long hold strategy with potential development/ subdivision in 10 years times.

    Have an IP in Sydney so looking to diversify to other cities.
     
    San2018, 13th Nov, 2019
    #1
    Trailblazer likes this.
  2. Trailblazer

    Trailblazer Well-Known Member

    Joined:
    13th Sep, 2017
    Posts:
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    Location:
    OZ
    Brisbane is more likely to have more upside since it didn't have an unprescedented boom like Melbourne. A lot of infrastructure projects are happening and revitilzation of the city makes it more appealing in a 10 year time frame.
     
    Trailblazer, 19th Nov, 2019
    #2
    KingBean and San2018 like this.
  3. San2018

    San2018 Well-Known Member

    Joined:
    22nd Nov, 2018
    Posts:
    195
    Location:
    Sydney
    Thanks everyone for voting. So far results are

    Melbourne - 10 votes - 42%
    Brisbane- 14 votes- 58%
     
    San2018, 21st Nov, 2019
    #3
  4. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,525
    Location:
    Melbourne
    Can't think of any properties in Mel that would fit those criteria.

    The Y-man
     
    The Y-man, 21st Nov, 2019
    #4
  5. San2018

    San2018 Well-Known Member

    Joined:
    22nd Nov, 2018
    Posts:
    195
    Location:
    Sydney
    For Melbourne, maybe within 18 KM radius from CBD. And yields between 4-5%.
     
    San2018, 21st Nov, 2019
    #5
  6. Westie

    Westie Well-Known Member

    Joined:
    19th Jun, 2017
    Posts:
    1,138
    Location:
    Melbourne
    You may be able to snag a freestanding house in the Laverton area for that price range. The yield won't be there though.
     
    Westie, 21st Nov, 2019
    #6
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  7. WattleIdo

    WattleIdo midas touch

    Joined:
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    Posts:
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    Location:
    Riverina NSW
    Is this a trick question?
    Why, Parkes, of course! :)
     
    WattleIdo, 21st Nov, 2019
    #7
    The Y-man likes this.