WA Where, Perth, Adelaide or Brisbane ?

Hi guys,
I might have asked this question in my other existing thread, but thought of starting a fresh thread on this. Please do not hate me for this

We have got pre-approval of 495K. And we were planning to deposit 10% before + stamp duty (of course). We were completely fine with that too. However, after talking to my broker lately, seems like we have already maxed out our borrowing capacity and we won't be able to buy another one. Our plan was to split our savings and pay 10% now and save another 10% for another IP. Seems like our saving has nothing to do with our borrowing capacity for the next purchase ( after a few months) and looks like another 3rd IP is not going to look like happening any time soon. Hence, his recommendation is to pay 20%, if are willing to do so. We do not have a problem with that either. We can afford 20% and we can look for property up to 620K.

Just recently bought a property in Perth last month.
Now we are not sure where to buy this one, Brisbane, Perth or Adelaide.

Perth - There still may be potential growth and looks like a good rental, which is what I am getting from my current IP. Is it a good idea to rely on Perth still for growth and not think of diversification to other states? or is it a good idea to have 2 IPs in the same state?

Brisbane - Expensive house and not good rental yield ( as in Perth). It is closer to me (1 hour drive). We can move to this house in future if needed. At least one IP will be close to our PPOR. This may give us only 3 bedder house, maybe 30KM away from Brisbane city.


Adelaide - Have not done much research on this place. The house looks affordable. I am not sure about the rental return. I can have diversification, just in case Perth disappoints me in growth. Perth is not always on +ve direction, I need to think about that too.

Please help me out with your thoughts guys here. What would you have done in my case?

Thank you.

 

What suburb in Perth have you bought in? Could look at WA regional to diversify?

 

I bought in Maddington in Perth. I am not sure of WA regional ( not much research done), but not sure Adelaide or Melbourne either. I would like to buy in different state, just because to diversify my property, just in case one state slows down.

 

Melbourne perhaps?

 

Same confusion for me too. As my 1st IP for about 650k i am very confused between Brisbane and Perth. @sugarman u mentioned rental is Brisbane is not so good, is it for the properties quite far from CBD area?

 

Yeah, may be 20-30 km away