Hi All,
I am 28 year old looking to buy my first investment property around 450-500 k. I was planning to buy in Perth last year but due to other commitments couldn't. I think prices in Perth have gone up and was looking for other options (Started looking at Brisbane)
I am looking for capital growth in medium term with decent rental returns. As this is my first property, the capital gains will drive my property portfolio and timings of buying second property so it will be critical.
Could you please recommend which city would be better and also some suburbs to start looking. Thanks heaps.
Cheers
AVS
I think there is still room for perth to keep going.
TheFinanceShop | Elite Property Finance
http://www.elitepropertyfinance.com
Email Me | Phone MeResidential and Commercial Brokerage
Why not keep an eye on both markets?
You won't become an expert on every suburb in each city (they're too massive) – but there's nothing stopping you from familiarising yourself with a couple of areas within each city. Start with internet/phone research and once you're keen to make a move – visit them in person.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Perth had a great year in 2013 and still some room to move in 2014 according to the local experts whom I know one personally and the other is reputable;
Colin Rice | CDR Finance
http://cdrfinance.com.au/
Email Me | Phone MePerth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]
I'd keep an eye on both as well. But if you really are keen to just focus on one area, I'd suggest to consider returns and growth but also think about the geographical convenience to you. Which one is easier for you to visit just in case you want to regularly visit your investment property e.g. for initial inspection and then later ongoing maintenance and future renos
Your priorities are arse about face. You're looking at location then growth. You would be better served putting location at the bottom of your priority list. You go where the best growth is expected full stop not restrict yourself to just a few locations and try and pic the best. You go where ever your search takes you. When you find growth potential that's your location and right now that could be anywhere.
There's an old saying; "the world's your oyster".
From a personal point of view I feel that Brisbane is still under valued. I am currently looking for a development site in Brisbane.
Nigel Kibel | Property Know How
http://propertyknowhow.com.au
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