Forum Replies Created
- ozsparky200319117 wrote:Hi Hajda
If you are prepared to look further afield I can give you some info on a house and land package in Gatton which is between Ipswich and Toowoomba. It is $304,422 for a 4 bed dble garage etc but is not due for completion for at least 6 months which would give you the opportunity to perhaps increase the budget. Please let me know if you would like more info.
Regards
ozsparkHi ozsparky200319117,
I wasnt exactly looking for a "new" house, my goal was to get a "renovators dream" or the worst house in a good street and sit on it for a few years, with a view to do a massive reno or subdivide 5 to 10 years down the track, when the land value has appreciated significantly (something I cannot do with the units in Perth).
Still – I am here to absorb as much information as I can – so send me an email at [email protected] with details of your deal.
Anyone else with anything they would like to contribute to my quest for IP#3 feel free to email me aswell. Warning: if you email me and I give you a stock tip, don't listen to it – my track record on shares is atrocious!
cheers.
Tysonboss1 wrote:I definatly recomend north brisbane suburbs such as Kallangur, Mango Hill, Petrie and even a bit further up the bruce highway such as caboolture,
I have bought alot of property in these areas, I live and work in sydney now but I actually grew up in Kallangur so I know this area of brisbane well.
I have now spent a bit of time looking at Kallangur. Tysonboss1, having grown up there, I would love to hear you describe what you think Kallangur has going for it over the 10 years…
There is definitely a few there in my price range – I will probably organise to view a few later this month when work calms down.
thanks in advance
keen as wrote:yes, u r dreaming. if you are looking in this budget, try around the kallangur area in brisbane's north.cheers, I will also take a look at Kallangar
jane farrell wrote:hi therei waas in bris last week and looked north of bris around maloolaba. There are units for uni students in sippy downs for 190k. they are only just positive with 95% occupancy. The uni there is set to double in students in the next 5 yrs so may not be a bad investment., and you can get houses there in the mid 300k.
Cheers
Jane
Hi Jane,Funny you should suggest student accomodation, that is actually the first path I went down when I arrived at brisbane 2 months ago with an eye to expand my portfolio.
I started out looking to buy a cf+ student accom for about $110k to $130k right next to the CBD (uniview it was called). I had a look at about 10 and thought I may as well go for a slightly more expensive serviced apartment to get (slightly) better capital growth. After spending a week or two researching and looking at a few around the CBD, I got the feeling that they may not be the best investment (just a gut feeling based on general reactions when a managed apartment is mentioned as an investment, and the fact that filling the unit is not under my control etc etc but that is a whole other thread).
This led me to decide to get away from units (my two current properties are units) and go for the old tried and true house and land. I have not had any experience looking for "non-units" outside the immediate CBD, so this is all new to me.
bardon wrote:
Morayfield a wee bit further out but a very high growth area according to Residex. You should be be able to get a 3 bedroom, brick and tile carport post 85 good size block within your budget.Thanks Bardon, I will start looking in Morayfield and surrounding areas.
Keep the suggestions coming people! thanks.
