Which one is better for CG?

Discussion in 'What to buy' started by Cabricabri, 28th May, 2020.

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  1. Cabricabri

    Cabricabri Well-Known Member

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    Hi all,

    I’m commencing my search for my first investment property. I’ve been reading the forum for a while now but I still feel that I have lots to learn.

    I'm after a property in Melbourne. My goal is capital growth and my budget is up to 950k, ideally around 850k.

    which one of the below would be a better option? Can you please advise? Thanks in advance

    https://www.realestate.com.au/property-house-vic-brunswick-131801218

    https://www.realestate.com.au/sold/property-apartment-vic-elwood-133564742

    https://www.realestate.com.au/property-house-vic-windsor-133315478

    I’m also open to the possibility of investing in Brisbane but I’d engage a BA for that.
    cheers
     
    Cabricabri, 28th May, 2020
    #1
  2. Shamrock1

    Shamrock1 Well-Known Member

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    Definitely not the unit. See the pic showing 5 year flat Elwood Capital Growth in units.
     

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    Shamrock1, 29th May, 2020
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  3. Fargo

    Fargo Well-Known Member

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    Have you looked in Thornbury ? For a 40 year old 2 br in a block of 10 ?
     
    Last edited: 29th May, 2020
    Fargo, 29th May, 2020
    #3
  4. MTR

    MTR Well-Known Member

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    Is it time to chase CG, in fact you may lose capital.
    Dont get sucked into blue chip, it is not immune to market conditions

    markets are not rising, and rents are going backwards

    Next 6-12 months going to be interesting. I would be watching economy and employment numbers and auction clearance rates
     
    MTR, 29th May, 2020
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  5. HUGH72

    HUGH72 Well-Known Member

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    I would sit on my hands and see what happens after September personally, we don’t really know who actually is still employed and who is working for essentially a unviable business. The amount of distressed sales may increase if the economy is left to sort itself out.
     
    HUGH72, 29th May, 2020
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  6. Cabricabri

    Cabricabri Well-Known Member

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    why do you suggest Thornbury? Funnily enough my only property is in Thornbury. An apartment in a small block.
     
    Cabricabri, 29th May, 2020
    #6
  7. Cabricabri

    Cabricabri Well-Known Member

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    I’m thinking of a property in a blue chip suburb because that’s what I learned from listening to Property Couch and also from reading a few books.

    Where would you invest instead?
     
    Cabricabri, 29th May, 2020
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  8. MTR

    MTR Well-Known Member

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    Nothing wrong with this, but look at the rental yield?? 3-4% gross pa?

    I think its high risk to be buying in current market. I have heard only 2 out of 3 restaurants will open in Melb??

    Now is the time to watch and wait just my opinion. Timing is everything, get this wrong and you will erode your capital
     
    MTR, 29th May, 2020
    #8