Your Latest Purchase

Mate I will sell you this one for 5.5m

 

Paint it dark brown and I think we can work something out.

 

Bought in Graceville, Bris recently. High set traditional Qldr, will raise and build under as 5/3/2. Long term hold strategy.

 

PPOR in Manly, Qld. Moving from a 5 bed/2 bath Qlder on 400m2 in Wynnum (we split the block) to a 3 bed / 1 bath post war cottage on 900m2.

We plan for this to be our long term home, but still working out what to do with the house - quick cosmetic reno / major reno (ie lift & build in) / knock down and rebuild OR some combination of these.

For us, we wanted a big backyard for the kids, happy to sacrifice a bit of house space.

 

I'm still in the market for one more purchase 2017 or early 2018 at this stage.

 

Waiting to settle on a ppor in Glenbrook ..... reno works starts day after settling

 

Hey @MTR would you recommend to stop buying? I think there are markets pretty risky at the moment e.g. Sydney and Mel however still opportunities in Brisbane and regional areas.

 

I take it that the Glenbrook you are buying into is at the foot of the Blue Mountains. Only recently speaking with holidayers who own a property there along with an Airbnb. They said the suburb while lovely and green (leafy) they said it always seems damp, even in summer. Very chilly in the winter months. Their home and accommodation was adjacent to the train station (northern side). Is it how they described it?

 

Perhaps time to look at markets where you can somehow add value

 

I guess it depends what you call chilly. It's only just up the hill so nothing dramatic like katoomba.
As for the damp it may be where they are. The train station is in a low lying area and some Streets are in a bit of a valley so wouldn't get full sun

 

That explains it. They did say they were in a low lying part of the suburb. All the best with the upcoming renos.

 

I have just placed an offer on a property, will post it if I secure it, I already have competition, lets see if cash talks.

MTR

 

Settled on a property 2 weeks ago in Marsden QLD. 3 bedroom low set brick & tile on 600 sqm, for $267,000.

Currently doing a renovation, it was originally going to be a quick carpet and paint but now going the whole nine yards. My parents took a liking to the property and may be place for them if they decide to spend more time in Brisbane.

I will post before & after pictures once completed.

Cheers,
Michael