Which eastern capital city?

Discussion in 'Where to Buy' started by Joeljoel, 15th Feb, 2021.

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Where would you buy for capital growth in 2021?

  1. House in inner-Brisbane

    11 vote(s)
    47.8%

  2. Semi in inner-west Sydney e.g. Newtown, Marrickville (likely 2 bedroom)

    2 vote(s)
    8.7%

  3. House further out in Sydney e.g. Sutherland, Jannali

    5 vote(s)
    21.7%

  4. House in inner-Melbourne e.g. Coburg, Brunswick

    5 vote(s)
    21.7%
  1. Joeljoel

    Joeljoel New Member

    Joined:
    3rd Feb, 2020
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    Location:
    Sydney
    Curious to get the opinion of the forum, which of the above eastern capital city options would you invest in now with a budget of up to 1.4m with a focus on capital growth? All markets appear to be booming, although Melbourne looks like it still has vacancy issues.
     
    Joeljoel, 15th Feb, 2021
    #1
  2. Citycat88

    Citycat88 Well-Known Member

    Joined:
    18th Jun, 2016
    Posts:
    130
    Location:
    Perth
    Why limit yourself to the east coast?

    Perth is very clearly on the brink of taking off after 7 or so years of decline.
     
    Citycat88, 15th Feb, 2021
    #2
  3. Mulianto

    Mulianto ~~

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    Indonesia
    Brisbane is very affordable and good value at current macro and micro economic conditions
     
    Mulianto, 15th Feb, 2021
    #3
  4. Mulianto

    Mulianto ~~

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    May be OP was thinking you guys might vote for independence soon hehehe
     
    Mulianto, 15th Feb, 2021
    #4
  5. Momentum

    Momentum Well-Known Member

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    19th Aug, 2015
    Posts:
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    Location:
    Collins St, Melbourne
    A terrace house in Brunswick if your goal is long term cap growth. The problem with Perth is you lose ~20% of rent in management fees
     
    Momentum, 15th Feb, 2021
    #5
  6. thunderstrike888

    thunderstrike888 Well-Known Member

    Joined:
    6th Jan, 2021
    Posts:
    2,018
    Location:
    Sydney
    If I was on your shoes I'd put ALL of my money into Brisbane right now.

    Its way way undervalued still even at these crazy times. Its still got several years of catching up to Sydney/Melb in order to even the playing ground.

    Brisbane's time to shine is coming and its going to be the biggest fireworks you seen to date.
     
    thunderstrike888, 15th Feb, 2021
    #6
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  7. datto

    datto Well-Known Member

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    23rd Jun, 2015
    Posts:
    6,675
    Location:
    Mt Druuiitt
    Come on. You left Mt Druitt out. Get real.
     
    datto, 15th Feb, 2021
    #7
    thunderstrike888 likes this.
  8. jaybean

    jaybean Well-Known Member

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    Location:
    Here!
    Newtown / Marrickville is my favorite of the bunch, but in terms of CG I think your other options are better.
     
    jaybean, 15th Feb, 2021
    #8
  9. Mulianto

    Mulianto ~~

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    Location:
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    Lol, may be not Mt Duit (Duit means money in Indonesian) but other mostly expensive parts of Sydney might be at risks of price drops (although unlikely) like Melbourne.

    Brisbane will be the most resilient if (only if) the economic falls apart.
     
    Last edited: 15th Feb, 2021
    Mulianto, 15th Feb, 2021
    #9
    datto likes this.