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  • Profile photo of westnbluewestnblue
    Participant
    @westnblue
    Join Date: 2013
    Post Count: 35
    December 16, 2013 - 11:24 pm

    If your not from brisbane, south side has the entry level properties, I recently bought 4 x 1 bedunits with 48m2 floor area for $110k each in Park ridge which is near greenbank and only 4km from sunnybank which are both expensive areas. During the next upturn these units will be worth around $200k each

    Stay away from logan unless you find a good deal. Theres also good side of the highway and bad side of the highway areas on the south side, aka acacia ridge and sunnybank.

    Most places north side are a sure thing

    Im investing heavily in Gold coast at the moment, the market is highly depressed – but wont be like that for long. After they finish the light rail the values will start to pickup mid next year, then automatically follow brisbanes upturn. So 2bed units selling for $170k now will likely to go up by 20% once the light rail is completed, and the games will speculate prices even more

    Profile photo of westnbluewestnblue
    Participant
    @westnblue
    Join Date: 2013
    Post Count: 35
    December 16, 2013 - 10:58 pm

    Im only parking it until i find a new property usually under 4 weeks, for every 100k im only paying $420 for a months interest (even less with offset).

    With 100k cash i can pay deposits on 5 regional properties, which in turn will make more equity if bought right

    Profile photo of westnbluewestnblue
    Participant
    @westnblue
    Join Date: 2013
    Post Count: 35
    November 29, 2013 - 10:58 pm

    ok understand now if you pay $100,000 for the property and the rent is $8,000 p/a your yield is 8%.

     

    Profile photo of westnbluewestnblue
    Participant
    @westnblue
    Join Date: 2013
    Post Count: 35
    November 29, 2013 - 10:54 pm

    you mean profit after expenses?

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