Where to invest, Melbourne, Brisbane or Gold Coast?

Happy New Year all,

I would like to buy an investment property, might live after retired, but not sure where to buy, the following three cities in mind are Melbourne, Brisbane or Gold Coast.

Any advice would be highly appreciated ;- )

Kind Regards,

Aulyna

 

Why not Perth? It seems to have finally bottomed out and is in the 6 O'clock position on the property cycle clock.

 

I only visited Perth once, loved it, but Perth seems a bit far away from ACT where I'm living and I know Perth not much at all ;- (

Compare it to Melbourne, why do you think Perth is a better place to invest other than it's in the 6 O'clock position on the property cycle clock?

 

Perth - potentially lower buy-in prices than Melbourne for comparable properties/locations.

 

I’d say Brisbane as close to the city as you can get, preferably north. Think Brisbane has a lot more potential than other cities and you can get in relatively cheap.

if there ever is another mining boom though buying into Perth would be an amazing buy.

 

You can do well in all three places. You can also do poorly in all 3.

Depends on your goals and what strategies you are utilizing.

 

I'm curious to know why you chose these 3
What's the motivation behind the investing?
ie. is it just for somewhere to live in retirement? Capital gains? Cash flow?

 

haha... I noticed "in" after "live" just after it's posted, but it seems it couldn't be modified ;- (

 

You are right!
I bought a house in Brisbane 10 years ago, the house value is almost the same ;- (

 

Thanks Yinka,

Would Why north?

Sometimes I thought south more, as south has easy access to both Brisbane and Gold Coast

 

I think big cities are safer to invest in properties, and I only know these three cities a bit more.

I'd love to know your advice ;- )

 

I am with you.

South of the Brisbane River and North of the QLD-NSW Border .

 

Teriffic idea

 

Would you

These are the three cities I like to live in, not sure which one yet ;- (.

The purpose of buying a house might be for investment only, as I have been thinking of moving away from ACT for more than 20 years, but still not moved, I might get stuck in ACT for rest of my life; or will buy a small townhouse for myself after I retired ;- )

 

For an investment that you may end up calling home I would choose Adelaide! The property market is very affordable and cost of living is far more reasonable. There are beautiful beaches, the best wine region in Australia (slightly biased opinion!), and the stunning Adelaide Hills all within 30 minutes of the CBD.

I recommend at least looking into it, the return on investment is high and recent developments in infrastructure has created new opportunities. Many people still have the perception that it's a small and sleepy town, so the market hasn't been flooded with investors from other states.

 

Where’s Adelaide?

 

My advice would be to re-think why you're doing this, capital gains, cash flow, just somewhere you would like to live in retirement etc.