Forum Replies Created
Hi Shahin,
Since your first reply I have actually started looking at houses too. I guess the type of dwelling will be determined by location i.e. if looking at Western or North West Sydney, I would be looking at a house in an area with good transport and school links.
Am enjoying the can of worms I have opened and the fact I have a lot to learn and understand.
Thanks again
Hi JacM,
Am not solely set on the GC at all, it was purely the area that I began looking at to start my research.
I am open to most markets as it would purely be for the purposes of getting in to investing, not to live in. So whether its QLD, NSW, SA etc I am more interested in something that is affordable and has potential growth, potential good returns etc. Like you say, as the first step in building a portfolio.
Cheers
Thanks Richard,
Very useful information.
I travel to QLD quite frequently, so am familiar with not just the GC but areas further north. Definitely agree there are a lot of investment opportunities up there.
I guess one thing I am struggling with, is whether it is worth getting into the market at circa $300,000 for an investment property. I have noticed everything from 2 bedrooms on the GC, 3+ bedroom houses in western Sydney, 4 bedroom houses in Central QLD for this price.
In my mind I am thinking that it is better to be in the market than not in it. But is there any good value in that end of the market? (I know it depends on the area, rental returns etc).
I mean, what is better? 2 properties at 300,000 being rented out, or 1 property at 600,000 further down the line? (assumptions taken here, and obviously not a scenario that would be immediately available).
I think the key is to keep researching, I enjoy that aspect of it and need to keep a lookout.
Cheers
Thanks RPI
Point noted re units on the Gold Coast.
I have noticed a few well priced houses up there too. So would not be limited to units as the only option for investing. I guess it depends on the specific location as to what is more appealing etc.
Thanks again
Thanks for the reply Shahin,
I guess in terms of long term strategy, the only strategy we have is that we would prefer to build up our investments (property, shares, savings etc) whilst renting in the area we currently live. This is due to not being able to afford the type of dwelling we require in our current location.
We are open to different locations, so it would not be limited to one city/state, however I was looking initially at the Gold Coast as I have read a lot more about that market most recently than other areas.
I would need to do further analysis on any potential properties in terms of yields/CG etc
I am definitely in the early stages but just wanted to jump on here to get the experience of people such as yourself.
