Where to invest, Melbourne, Brisbane or Gold Coast?

Hi Lindsay,

I think capital gain is the one I'm after, it would be a bonus to have cash flow at the same time ;- )

Which suburbs are the best ones you believe?

 

Where in Brisbane was your purchase, if you are happy to share?

 

Bought one in Durack, by using a buyer agent ;-(

 

I was expecting people to select Melbourne as the most proffered city to invest... the result surprised me.

Other than people from QLD, I am wondering why so many people prefer Brisbane

 

Voted by people who bought in Brisbane and still waiting for the boom

 

You are most likely right!

Due to the same reason, I don't put Brisbane over Melbourne ; -) Very interesting

 

For yourself, which city would you pick?

 

Thanks for your kind replies, always. [thumb up] [thumb up] [thumb up]

Would you please advice some top suburbs in your mind ?

 

Leonie, may we ask which buyers agent? and for what reason they put you towards Durack?

 

Thanks Y-man ; -)

I'm thinking of around $600 - 800k. or more if it's a really good one ;- ).

 

I do not want to mention the agent's name, as I think he has retired a few years ago.

As I didn't know Brisbane suburbs, so I have to rely on the agent. He did run around looking for houses for me, this was his top pick at that time, but the suburb picked wrong. It's a very nice house, in a very nice street at least ;- )

 

Depends on budget and strategy.
I like Brisbane because there are suburbs at a price point where I can purchase a house within 7KM of the city and add value through renovation/development. I would not be in a position to do this in Melbourne. For Melbourne, it would be an apartment and most likely further away to match my pricepoint.

For my strategy, I ask myself the question, "am I able to create more value renovating an apartment or a house at this point in time" and for me and my current financial situation, it is the latter which leads me to suburbs in Brisbane.

 

When look at the auction clearance rate, compared Sydney Melbourne Brisbane, when Sydney and Melbourne reached 80%+ few yrs ago, Brisbane was like around 30%, when Sydney and Melbourne was down to around 50%, you expected Brisbane would pick up, but not, stayed the same...

 

Agreed, but south of Brisbane has some potential too.

Of course mining in WA is going to do another cycle. Momentum will pick up in two years. Over the worst of the downturn.

 

Sorry for the late reply, as I flied away from home due to the air quality issue in ACT.

Will look into the list... really appreciated ;- )

 

I feel the same... that's why I was wondering why so many votes for Brisbane ; -)