WHERE & What would you buy at the moment?

Brisbane north has good opportunities within the 10km ring, check out Stafford Heights and Everton park etc.

 

Pretty much the only type of property that I would be buying at the moment. Old unit 2 bed minimum in an older block low rise and the more land the better. Pretty much something that is well located so can be easily rented and has the potential to become a development site for high rise once the next boom rolls around.

 

I will buy a time machine.

 

Perth "Be fearful when others are greedy and greedy when others are fearful."

 

Thanks. I think Geelong is great, however not sure how much fuel left for this run.

 

Very true.
Thanks for reminding us about the Election and NG & CGT policy! I didn't realise it might finally be changed.

It would be a disaster for Syd and Melb markets if NG is implemented one day.

 

I personally prefer the stable inner-middle ring of Brisbane. Carindale has got some great deals lately, same as Holland Park.

Logan was good when lending was easier, as there are two major types of buyers there: first-time owners and investors.

 

I like that haha.
Bought one there.

 

Hi Y-man,
I wish I could have known.
'Where' would be the toughest question for me at the moment.
Looking for the best ROI or capital gain so anywhere will do as long as it's a safe place.

 

LOL I like the quote.
Still waiting for Perth to recover.

 

why wait for 'I should of' ?
shaz?

 

Counter cyclical investing. Long term Perth will do well. If I had the money I would be purchasing in Perth and Brisbane atm. With the yields in both of those cities the impact of any Federal Government decisions regarding negative gearing are nullified (unless you purchase inner ring).

 

Melbourne is not growing. Anywhere. And if it is, that will reverse

 

Really cheap Really rough. Pros and cons

 

The bottom mid next year sounds quite bullish

 

Well if Labour get in and make the proposed negative gearing changes then my prediction drastically changes. We will see a rapid increase for demand as investors look to lock in grandfathering followed then by a painful long decrease in demand and house prices.
As I have said in other threads I see this in the vicinity of a further 10-15% but likely 10.

If no change in Government then based upon current market trajectory and sentiment then I’m fairly confident it will have ran its correction course in 6-9 months. Most experts on here predict if we see 15%+ then RBA will step in anyway. But let’s be realistic here....it’s not IF it’s WHEN we hit that point.

 

Things are not great at the moment but my last property was only vacant for two weeks after knocking back a few lessor applicants.

If you crunch the numbers and buy well you can get a decent return, it's not easy to get neutral or positively geared property from day one anywhere without a significant risk.

This is why I like Perth as well;

What about the predicted population increases
https://www.perthnow.com.au/news/pe...housing-transport-reform-needed-ng-b88866402z

What about the pick up in mining
Mining companies in WA are once again competing for workers

What about direct flights from the UK to Perth and Crown has spent very large on the Casino and the Hotel.
London to Perth non-stop: Qantas to launch direct flights from UK to Australia in March 2018

What about Perth being one of the most livable cities in the world
Australia is home to 3 of the world's most livable cities

What about the new Lizy Quay development
Chevron Australia lodge development application for Elizabeth Quay
Elizabeth Quay Vision | MRA

What about the new world class Optus stadium with teams like Manchester United and Chelsea playing, bringing thousands in from other states for these matches.
new optus stadium - Google Search:

What about the new East Perth Riverside Development
Riverside | an MRA project

What about Perth becoming one of the worlds largest lithium producers
Lithium Valley Perth: Battery Metals Set to Spark New Mining Boom | So Perth

What about Perth's top notch wineries just a 40 min drive
https://www.theurbanlist.com/perth/a-list/best-swan-valley-wineries

Perth's beaches are world class, and dont forget Rottnest Island either
http://www.rottnestisland.com/

Oh did I mention the weather ?

 

Unless you're looking to buy to lock in Current Capital growth situation , I'd be waiting until after the next election which I think Labor will win,

Where ? Not sydney , unless you want a PPOR and are prepared to low ball . I think there will be utter bargains in Sydney in the next year or two but it will be a long wait till there is significant growth outside what you buy at below the market .

Hobart is probably close to too risky for those not already in the market .

Melb is closer to it's peak than Sydney , so Brisbane would still be the one for me .

Maybe so low balls in the immediate aftermath of a Labor win which will spook the market for a while , even before their changes come in .

Cliff