Young Investor - Strategy?

Discussion in 'Investment Strategy' started by Kelvinator, 28th Oct, 2016.

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  1. Kelvinator

    Kelvinator Well-Known Member

    Joined:
    10th Jan, 2016
    Posts:
    83
    Location:
    Sydney
    Hey guys / girls!

    My current portfolio is now:

    Property 1: Loganlea. 1000m2 land already has a large shed capable of converting to granny flat. Yield 6.3%
    Property 2: Crestmead 650m2 land 5 bedroom. Yield 7.3%
    Property 3: Crestmead 600m2 land 3 bedroom. Yield 6.2%

    All 3 properties purchased between 290-330k. 90% LVR no LMI.

    I am now looking to get a 4th property and definitely want to diversify away from Logan as i see the rental market being quite difficult now.

    My budget is a property up to 340-350k. I am considering the following areas:
    A) North Brisbane - Kallangur and surrounds - new uni coming, new train station, decent yield (<6%), high vacancy rate?
    B) Outer Melbourne / Geelong - good potential for more capital growth but lower yield ~5%
    C) Adelaide - good cash flow, but maybe less growth in the short - medium term?

    What are peoples thoughts on these areas for my current situation and budget?
     
    Kelvinator, 7th May, 2017
    #21
    pommy likes this.
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