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Where would you buy right now?

Discussion in 'Where to Buy' started by MJS1034, 10th Jul, 2016.

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Where would you buy with a budget of $500k?

  1. Melbourne- North West

    20 vote(s)
    15.5%
  2. Melbourne- South East

    14 vote(s)
    10.9%
  3. Sydney - North West

    8 vote(s)
    6.2%
  4. Sydney -South East

    3 vote(s)
    2.3%
  5. Brisbane North

    40 vote(s)
    31.0%
  6. Brisbane -South

    39 vote(s)
    30.2%
  7. Perth

    8 vote(s)
    6.2%
  8. Adelaide

    30 vote(s)
    23.3%
  9. Darwin

    1 vote(s)
    0.8%
  10. Regional

    7 vote(s)
    5.4%
Multiple votes are allowed.
  1. MJS1034

    MJS1034 Well-Known Member

    Joined:
    28th Jun, 2015
    Posts:
    113
    Location:
    Sunshine Coast
    Hi everyone,

    Looking at buying IP2 in the coming months and still not sure on where to buy. So I thought I'd run a poll to see where everyone is buying at the moment.

    Purely chasing CG.



    Thanks in advance.

    Mitch
     
  2. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,595
    Location:
    Adelaide, SA
    Adelaide is in the right position on the property clock.
     
    Christian, spludgey and MJS1034 like this.
  3. Coota9

    Coota9 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    970
    Location:
    Melbourne
    Voted Melbourne North West..North East should be an option though as well!!
     
    dimitri.pivot, Air_Bender and MJS1034 like this.
  4. Foxdan

    Foxdan Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    115
    Location:
    Hills district, sydney
    Why do you think it's a good time to buy in Adelaide for CG?
     
    Whitecat likes this.
  5. standtall

    standtall Well-Known Member

    Joined:
    19th Oct, 2015
    Posts:
    273
    Location:
    Sydney, NSW
    Houses anywhere in Sydney will get you a good boost in next 12 months.
     
  6. standtall

    standtall Well-Known Member

    Joined:
    19th Oct, 2015
    Posts:
    273
    Location:
    Sydney, NSW
    Adelaide has deep economic issues - don't touch it unless you are ready for poor long term growth.

    Growth is driven by jobs and schools that bring rich migrants and Adelaide scores very low on both.
     
  7. trinity168

    trinity168 Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    404
    Location:
    Sydney
    House for 500K in Sydney. That would be out out out west, where the growth has already been had.
     
  8. MJS1034

    MJS1034 Well-Known Member

    Joined:
    28th Jun, 2015
    Posts:
    113
    Location:
    Sunshine Coast
    House in Sydney for under $500k?

    Wouldn't get a garden shed for that in Sydney :eek:
     
  9. standtall

    standtall Well-Known Member

    Joined:
    19th Oct, 2015
    Posts:
    273
    Location:
    Sydney, NSW
    Try central coast - it will gentrify eventually as crimes rates are constantly dropping and I can't see why close to beach properties within 50km from CBD won't be going for over a million once the stigma and crime situation improves.

    Gosford is an example - there's huge resistance against development in the area by some locals who benefit from depressed economy of the area. Once a few projects get underway, those welfare dependent people will get pushed further out and prices will soar. Northconnex will also cut travel times to CBD.

    Penrith and surrounds you may be able to find something under $500k with some hard work.
     
    Tekoz and Whitecat like this.
  10. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,595
    Location:
    Adelaide, SA
    Then explain why the investors on here that know what they're doing are onto it?
     
    Christian likes this.
  11. standtall

    standtall Well-Known Member

    Joined:
    19th Oct, 2015
    Posts:
    273
    Location:
    Sydney, NSW
    If there were enough investors in Adelaide, it would have already boomed :)
     
  12. norwoodman

    norwoodman Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    262
    Location:
    Brisbane, QLD
    Then who is purchasing and living in the mansions that dot the inner eastern and southern suburbs of Adelaide? Adelaide might be a fraction of the size of Sydney but it is still large enough to have significant variation between its own submarkets.
     
  13. standtall

    standtall Well-Known Member

    Joined:
    19th Oct, 2015
    Posts:
    273
    Location:
    Sydney, NSW
    No idea who is living there and Adelaide may have some potential for their individual reasons but on an apple to apple comparison with markets like Sydney, Adelaide doesn't stand a chance.

    I know a work colleague who heavily invested in Adelaide (being from Adelaide) and laughed at the prospects for Sydney. No need to tell she's not laughing anymore.

    The days are gone where property cycles ran across individual markets. Australia is facing a negative inflation and housing markets will only grow in relation to the amount of net immigration they receive. Adelaide attracts the lowest calibre immigrants if any and they move to Sydney after two years of mandatory state sponsorship because they can't find jobs there.

    If there's anything else going for Adelaide, I haven't clearly heard about it yet.
     
    MTR likes this.
  14. Leo2413

    Leo2413 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    5,812
    Location:
    Sydney
    Anywhere that I can get a great deal and manufacture at least 25% return on all costs.

    My main picks are Adelaide and Brisbane.
     
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  15. Luca

    Luca Well-Known Member

    Joined:
    28th Jan, 2016
    Posts:
    124
    Location:
    Melbourne
    My 2 cents, starts with macro analysis and then move to the micro. Also when a suburb starts being discussed on this forum, it is probably too late. You want to buy at the bottom and get the full gain. Melbourne and Sydney have already done well, time to look somewhere else.
     
    Christian likes this.
  16. Foxdan

    Foxdan Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    115
    Location:
    Hills district, sydney
    What are the "deep economic issues". If you want to shoot down people's opinions, you should provide some facts to back it up.
    Given the price point of Adelaide property and the rental yields, it would be a more attractive hold than Sydney yields in the near future. CG isn't so great if your holding costs are huge.
     
    C-mac, Christian, Corkey and 2 others like this.
  17. +men

    +men Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    82
    Location:
    Sydney
    Now i am confused. According to your theory, central coast have better jobs and migrants data to support CG than Adelaide....I reckon Central coast is already peaked thanks to the ripple effect from sydney, probably have missed the boat if buying now
     
  18. HUGH72

    HUGH72 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,123
    Location:
    FNQ
    Brisbane, Adelaide or outer suburbs Melbourne.
    In possibly 12-18 months Perth.
     
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  19. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,465
    Location:
    Perth, Melbourne, USA
    Really, I have not been looking closely but some markets are actually starting to slow down?
    ... or are you expecting continued growth due to fall in interest rates and perhaps another fall which may continue to spark the FHB market???
     
  20. MTR

    MTR Well-Known Member Premium Member

    Joined:
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    Posts:
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    Location:
    Perth, Melbourne, USA
    Perth is not for the faint hearted and my crystal balls tells me unless something radical happens in Perth we have much longer time for recovery than your guestimate.

    The market in Perth did have a hot run/rising market during 2013-14, most people don't even realise that this happened.

    Generally bust cycles last much longer than 2 years, we also have nothing to replace mining, with job losses, and business' suffering, unless something major happens to improve WA economy I think its very high risk proposition.
     
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