All Topics / The Treasure Chest / Brisbanes cheaper suburbs

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  • Profile photo of bannerbanner
    Participant
    @banner
    Join Date: 2003
    Post Count: 14

    Hi

    I’ve just placed my first investment property on the market (-ve) but made a bit in capital growth. Can anyone recommend suburbs that sell houses for around $100,000 to 120,000 with good rental yields? Researched a few but keep coming up with high cost homes or rents that are not high enough. Any help greatly appreciated as fingers wearing down from internet research.
    [:(]

    Profile photo of neologismneologism
    Member
    @neologism
    Join Date: 2003
    Post Count: 91

    well i guess thats the $100,000 – $120,000 question.

    if u think u’ve search everywhere and u havent turned up anything its proberly time to try a different area.

    keep on keep’n tho, seek and u shall find

    Profile photo of ADAD
    Participant
    @ad
    Join Date: 2002
    Post Count: 636

    Hey Banner. To be honest things have moved. There are still deals out there but your 100-120K is probably difiicult in Brisbane City but achiveable in the satellite areas. You need to look at areas north ,west and south of Brisbane. Have a look at a map and see what yuo think. If you get really stuck email me. [email protected]
    I won’t talk to you though unless you can name me five areas that have properties in this bracket…..some homework.

    There are still properties out there just move fast.

    Enjoy
    AD [:0)]
    (Andrew)

    “Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.”

    Profile photo of katsu88katsu88
    Member
    @katsu88
    Join Date: 2003
    Post Count: 11

    Hi AD ,

    Can I please aked you what web search engine may help me in finding the right IP within Banner’s range.

    I too are very intereted in finding my first IP
    with +ve cash flow and where rental is not a problem. Sorry I’m new to Investment Properties.

    Thanks guys.

    Profile photo of scottscott
    Member
    @scott
    Join Date: 2003
    Post Count: 110

    Hi katsu88,
    get on realestate.com.au and searc the areas that interest you when you find an area that looks good then do a search on the town through yahoo or simmilar to find out more about it’s economy etc. If it all looks good call a few real estate agents and go have a look.
    It really is as simple as that![8D]

    Happy hunting
    Scott S

    “Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll shoot yourself in the foot!”
    -anon

    Profile photo of bannerbanner
    Participant
    @banner
    Join Date: 2003
    Post Count: 14

    Thanks everyone for your input. I shall research on! and thanks AD.

    [:)]

    Profile photo of hotchocolatehotchocolate
    Member
    @hotchocolate
    Join Date: 2003
    Post Count: 15

    IMHO the only area that has properties at that price and a train station (essential!) is Beenleigh.

    If you are not familiar with Brisbane, I would recommend looking at a map of the rail network, make a list of the stations, then search on realestate.com.au on those names. Try http://www.transinfo.com.au for the rail map

    In the next 20 years being within a 5-8 min walk of a train station will become more valuable in Brisbane as population and road traffic continues to increase.

    Choc

    Profile photo of hwd007hwd007
    Member
    @hwd007
    Join Date: 2002
    Post Count: 247

    Brisbane Traffic ? Surely we will have Sky Cars by then :/ [:D] If you believe what this guys been saying for years -> http://www.moller.com

    [;)]

    Profile photo of scottscott
    Member
    @scott
    Join Date: 2003
    Post Count: 110

    Hi guys,
    There’s more than just beenliegh! I just missed out on a deal where you walked out the front door and just about fell onto the platform for under 50k !!![:(!] Should have acted quicker![:I]
    They’re out there guys you just have to look! Oh well, guess I won’t muck around next time. Lesson learnt.

    Cheers
    Scott S

    “Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll shoot yourself in the foot!”
    -anon

    Profile photo of hwd007hwd007
    Member
    @hwd007
    Join Date: 2002
    Post Count: 247

    yea but at $50K surely ur gonna have maintenance headaches ? You will probably end up spending another $30K just to get a tenant in the door. Are we talking a single bedder here ?

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