QLD Where to invest 650k in Brisbane

Discussion in 'Where to Buy' started by Kurabi, 12th Dec, 2017.

Join Australia's most dynamic and respected property investment community
  1. Kurabi

    Kurabi Member

    Joined:
    4th Feb, 2017
    Posts:
    13
    Location:
    Brisbane
    Hi All,

    We are looking to buy our first IP in Brisbane in the range of 600-650K.

    We will hold it for long term and are mainly looking for capital growth.

    Which suburbs in Brisbane, preferably 10-15 KM from CBD, should we consider.

    Being relatively new to Brisbane, I don't know much about Brisbane market/suburbs however personally like the inner south and western suburbs but they are sort of not in our budget.

    We'll be using a BA but just wanted to narrow our criteria/options.

    Thanks All.
     
  2. fols

    fols Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    737
    Location:
    Sydney
    If you're using/ paying for a BA, this is a question for them surely?
     
  3. Anthony Brew

    Anthony Brew Well-Known Member

    Joined:
    18th Feb, 2017
    Posts:
    1,176
    Location:
    Australia
    Never outsource your knowledge entirely to a BA.
    You need to have a fair idea of what you are looking for to make sure the BA is finding products and locations that actually help you rather than to just offer you anything to take a quick profit.

    It's called due diligence. Never again will I go in without doing a lot of work beforehand to at least get a fair idea of the locations and property types in those locations and what possibilities exist with those property types and locations.
     
  4. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,035
    Location:
    Vaucluse, Sydney.
    As close as your budget will get you to the CBD, a freestanding house on a larger than average block with some room to add value later on if you wish.

    What i personally wouldn't get is a unit or townhouse. I also would stay away from new stock. 100% I'd go older home in a good owner occupier area.

    If you're gonna go the BA route, make sure they understand what your strategy is and the specific stock your looking for in the areas your interested in. When they recommend a place, you then need to do your own due diligence on it. I know in some respects it somewhat defeats the purpose of having a BA but imho you simply can't completely substitute their judgment for your own.

    Use their legwork, sure, but dont totally rely on their brain work. At the end of the day your the captain of your ship and bare 100% responsibility.
     
    Last edited: 13th Dec, 2017
    Rich2011, Kevvy7, Kurabi and 2 others like this.
  5. nth brisbanite

    nth brisbanite Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    385
    Location:
    North Brisbane
    I'll only comment on northside because I don't know much about southern suburbs. I noticed that Chermside houses did well over the last 12 months. Suburbs surrounding Chermside such as Geebung, Aspley, Taigum, Zillmere and Virginia should do well medium and long term.
     
    luckyone, Whitecat and Kurabi like this.
  6. LIDM

    LIDM Well-Known Member

    Joined:
    25th Sep, 2016
    Posts:
    127
    Location:
    Melbourne
    Here are some ideas
    North: Alderley, Mitchelton, Gordon Park, Kedron, Stafford
    South: Annerley, Holland Park, Tarragindi
     
    Whitecat and Kurabi like this.
  7. Big Will

    Big Will Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Melbourne, Australia
    Coopers Plains

    11km to city and neighbors with Sunnybank so two ways to get demand/growth. Has a train line that goes through it so can get to city, airport or Gold Coast easily.
     
    willair and Kurabi like this.
  8. Illusivedreams

    Illusivedreams Well-Known Member

    Joined:
    3rd Oct, 2017
    Posts:
    2,454
    Location:
    Sydney
    Buy in Sydney hahahah
     
    Tenex likes this.
  9. KevinJ

    KevinJ Well-Known Member

    Joined:
    28th Apr, 2017
    Posts:
    126
    Location:
    Sydney
    Mate grab two LMR sites in Acacia ridge on lower LVRS, might be able to hold two sites at neutral cash flow
     
    Whitecat likes this.
  10. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,035
    Location:
    Vaucluse, Sydney.
    Do they stack up atm?
     
    Whitecat likes this.
  11. Kurabi

    Kurabi Member

    Joined:
    4th Feb, 2017
    Posts:
    13
    Location:
    Brisbane
    Thanks a lot for the insight guys. This is very helpful.

    Can anyone recommend/suggest BAs who specialise in brisbane inner south, east and west suburbs?
     
  12. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,035
    Location:
    Vaucluse, Sydney.
    Realist35 and Kurabi like this.
  13. nth brisbanite

    nth brisbanite Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    385
    Location:
    North Brisbane
    Kedron, Gordon Park, Alderley, Holland Park and Tarragindi are probably getting beyond his 650K budget.
     
    Kurabi and icic like this.
  14. icic

    icic Well-Known Member

    Joined:
    16th Dec, 2016
    Posts:
    1,109
    Location:
    sydney
    We invested in Stafford and Mitchelton and both are great suburbs with great protentials. The prices are edging higher that you might just get something just average now for 650k. I think it still have lots growth to go considering the continuing gentrification and short distances to the city. Lots of professionals will want to move there.
     
    Kurabi likes this.
  15. BB5

    BB5 Well-Known Member

    Joined:
    2nd Jan, 2016
    Posts:
    1,030
    Location:
    Brisbane
    Ferny grove line. Probably can only afford mitchelton outwards.
     
    Kurabi likes this.
  16. JDP1

    JDP1 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    4,244
    Location:
    Brisbane
    That's right. Brisbane isn't worth 600k..anything north of 500k must go into either Sydney or Melbourne :)
     
    Rich2011 likes this.
  17. Lacrim

    Lacrim Well-Known Member

    Joined:
    25th Jul, 2015
    Posts:
    6,175
    Location:
    Australia
    I'd personally push a little harder and try to snag a bargain in Grange, Newmarket, Camp Hill etc.

    I make it a point to always focus my search in areas just beyond/well beyond my budget and jump immediately when a property that ticks the boxes comes up.
     
    ycdfdyan, Codie, Sackie and 2 others like this.
  18. icic

    icic Well-Known Member

    Joined:
    16th Dec, 2016
    Posts:
    1,109
    Location:
    sydney
    It's easier for locals to do that. But for interstate buyers, it's a very hard thing to do without the local knowledge and connections. We also can't be physically be there in a moment of notice.
     
    Last edited: 13th Dec, 2017
  19. icic

    icic Well-Known Member

    Joined:
    16th Dec, 2016
    Posts:
    1,109
    Location:
    sydney
    A pigeon hole in the city or a piece of land 50kms out are good choices ;).
     
    JDP1 and Mindplay like this.
  20. Tenex

    Tenex Well-Known Member

    Joined:
    14th Aug, 2015
    Posts:
    570
    Location:
    Sydney
    If you have to get something now then think in terms of bigger land in locations where there arn't too many apartments / townhouses around this should help you narrow down on the suburb.

    The reason is that these will likely be the suburbs where they may consider increasing density later on where you can then subdivide and profit.

    If I were you, I would wait about a year or so if you can. I think Brisbane in general has a correction coming. Keep a close eye on the economy and employment.
     
    Mindplay and Kurabi like this.

Buy Property Interstate WITHOUT Dropping $15k On Buyers Agents Each Time! Helping People Achieve PASSIVE INCOME Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, Anywhere In Australia