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I want to educate myself first, before i do investment.
but now got a chance in TAS. there are 5 continuous house for sell at the same time.
and just next to university.now the return is 8% at this moment.i was thinking if i can buy 2-3 continuous house. and in the future, I may have some development.
and make the return higher. that is the reason I put myself in a hurry situation.
I am afraid to miss this chance. but some of my friends even broker dont suggest this.
that's why i am confuse. My broker also prefer I buy in QLD instead of TAS.
could you suggest which suburb may have some protental for investment in QLD
i understand. thanks everyone. I will buy in vic
glen wavery vic house around 700k -800k , rent only $450 /week
Sandy bay TAS house around 500k – 600k , rent around $650 -800 per week.
this is for glenwavery data get from web site.
Year Median House Price House Price % Change (YoY) Median Unit Price Unit Price % Change (YoY) 2003 $392,000 12.0% $331,000 6.4% 2004 $408,000 4.1% $321,000 -3.0% 2005 $425,000 4.2% $350,000 9.0% 2006 $455,000 7.1% $379,250 8.4% 2007 $585,500 28.7% $417,000 10.0% 2008 $611,000 4.4% $421,000 1.0% 2009 $680,000 11.3% $465,000 10.5% 2010 $750,000 10.3% $485,000 4.3% 2011 $726,500 -3.1% $485,000 0.0% and this for sandy bay
Year Median House Price House Price % Change (YoY) Median Unit Price Unit Price % Change (YoY) 2003 $412,500 37.5% $240,375 55.1% 2004 $455,000 10.3% $247,500 3.0% 2005 $490,000 7.7% $276,500 11.7% 2006 $560,000 14.3% $306,000 10.7% 2007 $580,000 3.6% $345,000 12.7% 2008 $590,000 1.7% $332,000 -3.8% 2009 $592,500 0.4% $378,000 13.9% 2010 $667,500 12.7% $372,000 -1.6% 2011 $640,000 -4.1% $377,500 1.5% sandy bay grow slowly. but get better rent return .
is that still better buy in vic or better buy in TAS.
thanks a lot
hi Catalyst ,
i have $600k cash sitting in the bank. and my broken said that I can borrow up to 60% (more easy) to buy a house.
I can afford to pay money out $10 000 – 15 000 per week.
I was thinking the price of the house was dropping since last yr. if I buy a house to get capital gain now, may be not a good time.
But If I buy house to get rent return, at least I can get 8% every year. and the house in sandy bay grow very slowly. but the rent is high. if 1 house got $600- 800 a week, when i get 5 or more this kind of house in the future, I can get $3000- $4000 every week.
I have no investment experience, what I think is very simple and may not a good investment thinking.
that's why i would like to get more people advise and do some research before I start my investment.
thanks everyone
