Where to invest, Melbourne, Brisbane or Gold Coast?

Discussion in 'Where to Buy' started by Leonie, 9th Jan, 2020.

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Where to invest, Melbourne, Brisbane or Gold Coast?

Poll closed 12th Mar, 2020.
  1. Melbourne

    39.4%
  2. Brisbane

    47.5%
  3. Gold Coast

    13.1%
  1. Leonie

    Leonie Well-Known Member

    Joined:
    25th Dec, 2016
    Posts:
    72
    Location:
    ACT
    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
     
  2. george costanza

    george costanza Well-Known Member

    Joined:
    18th Jun, 2016
    Posts:
    80
    Location:
    Perth
    Why not Perth? It seems to have finally bottomed out and is in the 6 O'clock position on the property cycle clock.
     
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  3. Leonie

    Leonie Well-Known Member

    Joined:
    25th Dec, 2016
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    Location:
    ACT
    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?
     
  4. Angel

    Angel Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    5,740
    Location:
    Paradise, Brisbane
    Perth - potentially lower buy-in prices than Melbourne for comparable properties/locations.
     
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  5. Yinka Dare

    Yinka Dare Well-Known Member

    Joined:
    8th Jan, 2016
    Posts:
    104
    Location:
    Victoria
    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.
     
    Leonie likes this.
  6. Sackie

    Sackie Well-known cafe bum of the East Premium Member

    Joined:
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    Posts:
    22,667
    Location:
    Vaucluse, Sydney.
    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.
     
    Last edited: 10th Jan, 2020
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  7. The Y-man

    The Y-man Moderator Staff Member

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    Location:
    Melbourne
    Better not retire then! :eek::eek::eek::eek::D

    The Y-man
     
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  8. Lindsay_W

    Lindsay_W Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
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    Location:
    QLD/Australia Wide
    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?
     
  9. Leonie

    Leonie Well-Known Member

    Joined:
    25th Dec, 2016
    Posts:
    72
    Location:
    ACT
    haha... I noticed "in" after "live" just after it's posted, but it seems it couldn't be modified ;- (
     
  10. Leonie

    Leonie Well-Known Member

    Joined:
    25th Dec, 2016
    Posts:
    72
    Location:
    ACT
    You are right!
    I bought a house in Brisbane 10 years ago, the house value is almost the same ;- (
     
  11. Leonie

    Leonie Well-Known Member

    Joined:
    25th Dec, 2016
    Posts:
    72
    Location:
    ACT
    Thanks Yinka, :)

    Would Why north?

    Sometimes I thought south more, as south has easy access to both Brisbane and Gold Coast ;)
     
  12. Leonie

    Leonie Well-Known Member

    Joined:
    25th Dec, 2016
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    Location:
    ACT
    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 ;- )
     
  13. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
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    8,410
    Location:
    Gold Coast
    I am with you.

    South of the Brisbane River and North of the QLD-NSW Border :D.
     
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  14. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,122
    Location:
    Adelaide and Gold Coast
    Teriffic idea
     
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  15. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
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    Location:
    Melbourne

    At the end of the day, if you are planning (maybe) to live in it, maybe figure out where your heart is before the head.:) There's a big diff between Brisbane/GC and Melb.


    The Y-man
     
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  16. Leonie

    Leonie Well-Known Member

    Joined:
    25th Dec, 2016
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    Location:
    ACT
    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 ;- )
     
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  17. Sasha

    Sasha Member

    Joined:
    12th Jan, 2020
    Posts:
    9
    Location:
    Adelaide
    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.
     
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  18. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    8,410
    Location:
    Gold Coast
    Where’s Adelaide? :D
     
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  19. The Y-man

    The Y-man Moderator Staff Member

    Joined:
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    Location:
    Melbourne
    Now called "Adelaida"

    Adelaida, California - Wikipedia

    The Y-man

    p.s. the weather there is just like Adelaide SA too!!
    PB200358 (2).JPG
     
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  20. Lindsay_W

    Lindsay_W Well-Known Member

    Joined:
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    Location:
    QLD/Australia Wide
    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.
     
    Leonie likes this.

The shift to the regions has been quite profound with Millennials and Gen X leading the way. It seems affordability, lifestyle, and working from home have been the key drivers from which these generations have been able to take most advantage.