Forum Replies Created
If you are interested in renovating maybe look at something that has been partually renovated but not to the markets liking as alot of these properties will come up soon as people find out that it takes quite a bit of money and experiance.
Leave the unrenovated properties alone as you know the worse condition its in the more money it fetches.
So turn your way of thinking around, you might be surprised in what you find.Trying to help.
I have just come back from brisbane and all the properties that I looked at in the close suburbs you were lucky to be getting 5 1/2% gross.
But I agree it still has got some more gain.
cheersJayJay
I have just set up a company to buy property as a trustee for my family trust.
This is the advice my accountant has told me.
Hope he is right!“I’m no tax expert just know a good buy when I see it”
Hope that helps
cheersThanks for your responses and by the way the regional town is in Queensland but it’s not as far as R.
I agree with everyone as well I have a rental property and has been rented for 3 yrs with no increase, the tenant has just approached me and asked if he could paint the inside to freshen it up, so by keeping the rent the same makes the tenant happy and in the long term your in front especially at the moment there is a glut of rentals about and there is more to come especially that everybody is playing the property market.
Another friend of mine increases the rent by $5 a year and he is constantly changing tenants and his vacancy rate is high so is it worth it. If you can handle the investment try to leave the rental the same for your tenant and review the rent after the tenant leaves.
So hope this helps you.
Thanks for your input Stocki
I just can’t at the moment tell you where they are at the moment but after the deal I will be glad to tell you the area so I will keep you posted all I can tell you that it is about 1hr from a capital city. There has been more of these investments in the past that I have missed in the same area. Future Capital growth? thats hard to predict as everything has increased in the past 24months in every area and city so can it still increase? and as for rent I think with a bit of TLC I can get an extra $10 a week.
I might have a hard time to strata as councils always say put the proposal in and then we will see there is no guarantee. So even that it doesn’t go through as time gets on and affordability decreases they may relax their policies based on the merits of the proposal.
Thnx again for your input.hi tis-julie
I’m from melbourne myself and i have been up to brissy several times and seen it move like wild fire in prices in the past 12 mnths the thing is i have noticed is that brissy people don’t like to travel like us in melb. For an investment I would sugest you buy with the golden rule in mind and that is to stay within the 6 t0 10 klms radiaus of the cbd but if you are going to move up there albany creek is ok I suppose if you look at the long term. Remember it is always the outer suburbs that fall first when the property market falls.quote:
I’ve been thinking about Brisbane too. I read someone on this forum mention Beenleigh. Is that a growth area or is there another suburb that may be interesting to look at? I would be looking for something around 200k aswell or maybe even a unit. Any suggestions?I brought 3 units 12 months ago and they were returning 10% on my investment they have since doubled in value at present. I am a bit worried as all the sydney and melbourne people are linning up to purchase units within the 6klms of the cbd. A suburb called new farm the place to be! has been going up day by day can this sustain the rise. eg. a 2 bed unit 12 months ago were around $150-160,000 and recently they are getting around the $240-260,000. I know brisbane never grew for 10yrs but now all of a sudden its gone mad people are queing up and most sold properties have back up contracts just in case the contract falls over. Brisbane is a lovely city and still has growth but not at this rate its too fast!
I am no expert but you must always be the sheperd not the sheep and they are buying in droves.
Just be careful and stay within 6klms. and make sure the place has something going for it eg. views.Quote:We live in Melb and thinking of buying an investment in Brisbane for around 200k, perferably the nth side. As we are first time investors, we would like to know an area which is a good choice to buy in?
[/quomaybe I can be of some help if you need to know about some suburbs
zuki124
