Thanks All.

I should shed some light on my situation so everyone has an appreciation of where I’m coming from. I’m not looking for advice, rather commentary and a push in the right direction if possible.

My strategy is to buy something before I leave for overseas in August/September (I will be definitely gone by September 24th ) – I’m after capital growth and if some of the mortgage gets paid off, it’s a bonus.

I live in Sydney but work in two cities (Sydney/Brisbane) and I know which state I’d prefer to be in – where else but Queensland! Studied in Brisbane and on the Gold Coast for 3 ½ years so I have an OK understanding of the area – could be better though.

Does anyone have any thoughts on where in Brisbane will be a longer term hold em strategy? I like the 20km belt out of the city – seems to provide the opportunity to enter the market. After reading my own post, I’ve realised a townhouse is the best of both words so I may have to start looking at this…….oversupply of units me thinks. Does anyone have any areas that they perceive growth over the next 5 years?

My plan is to go overseas for 2+ years (well that’s the intention) of course travel the world and see amazing places but my priority is to work in London for 6-12 months on contract and earn close to 1.8 times what I would earn here. I’ve been to London before and have friends living there so I can save a great deal of money during this time which I intend to do. I just don’t want to return from overseas and have to start again, when I’m 26-27. I want to lock down a 3 year fixed term interest rate so I have certainty of how much I’m paying while I’m overseas……you just don’t know do you!

I don’t want to overcommit myself so I’ve set up a budget of $260k (purchase price). I have the deposit and the income capacity to purchase something around $400k but I’m not ready in my life at the moment to make a 100% commitment to investment just yet. I want to go overseas, have fun, enjoy myself and then come back to start my property empire.

I’d really appreciate you kings to provide this joker with some guidance – once I start I know the next few wont be a problem!

Regards,
Brad
[biggrin]

So, if I buy something I can’t claim anything back when working / travelling overseas right?

Neg gearing is a big thing for me due to tax bracket and keen for anyones thoughts.

When people say high growth, could you give me an example i.e. northern suburbs of Brisbane

Keen to invest in brisbane due to population increase over next 10 years

Thanks for everyones comments and interesting in futher dialog

BS

Well commecial land is incredible there

If you can get any

Recovery man,

What is your projection for Bermi for the next couple of years? Land is limited, commerical property is on the main street and industrial land is a small pocket…..where there is a limited supply doesn’t that bring higher demand?

I’ve been told by the big boy investors around the area {bega ect) that the growth hasn’t even started in a place like Bermagui. It’s been rapid more recently but they think that it will be worth double in 5 years….Would you agree with that???

I can possibly see it happening when you look at what people are paying for proeprty in Sydney and Melbourne……

Does anyone know a good team of people in brisbane?

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Is anyone willing to have a chat to me in regards to my current situation? My email address is [email protected]

I would appreciate a number of opinions – so if you want to help out – I would be very appreciative.

Brad

[8]I have the finance ready to purchase my first IP property! Here I come