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Anyone can help please?
Thanks for the reply. I only has been looking at prices around south side of Brisbane and seems they are all expensive compared to last year. There are several things that I worry about:
– How much time I need to manage rental for the investment property compared to invest in managed fund or share
– How to know if the area has more/less % of vanacy than other area/suburb.
– If the market is on the boom and everything is expensive now, should I really wait.Originally posted by debtdogg:Hi Windcloud
There isn’t much pos cashflow in Brisbane itself. A few bedsitter type places but they can be a risk and not a lot of chance of capital gain.
If you are looking for areas to invest it seems that west of Bris (Ipswich etc) is the go -I just bought one there myself which with a little work could be cashflow positive-but I like many others are now looking at potential capital gain. A lot easier to find
You will need to look-and it’s a lot more fun that shares!! [thumbsupanim]
markk
Happy Hunting
http://www.kentscollections.comOriginally posted by Torachan:http://www.riverbendnelligen.com/images/investment-clock.gif
Sorry don’t know how to paste picture here.
So it currently seems the market is on top of the boom now?
Are you referring to Brisbane property may drop back to lower price after 24 months? Any support data you can provide?
Originally posted by foundation:Ok, time to step back & take a deep breath. SMARTMONEY is looking for a home to live in if I understand the question. What we have here are a stack of suggestions to buy in rough as guts areas where houses could be bought 18-24 months ago for under $100k! The only thing that has changed in these areas leading to price increases is speculators chasing big capital gains have bought in. Remember, “when the only fundamental that matters is recent capital gains, that is the very definition of a bubble”.
My advice would be:
1) find somewhere nice to rent for around $250 per week. Believe me, you’ll get somewhere nicer for that than for a $220k mortgage.
2) put $230 per fortnight into a high interest (secured) savings account. This is the amount you will save by renting over buying.
3) in 24 months time, take your $13,000 in savings and put that into the purchase of a house. Those ordinary houses in ordinary suburbs for $220k will then be priced at $150k or less, so choose one of them or pick a house in a suburb with a current median value of $350k – there’s your $234,000 house of the future!Cheers, F[cowboy2]
