All Topics / Help Needed! / Unit or House

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  • Profile photo of nitrodropsnitrodrops
    Member
    @nitrodrops
    Join Date: 2009
    Post Count: 132
    July 13, 2009 - 11:23 am

    Hi All,

    Currently looking for my 1st residential home, will be staying there for a year before renting out.

    I am in a dilemma should i buy an unit in a Bluechip area (4-5kms to city) or a house say 15km away from the city, with a budget of $450K.

    Location – Brisbane

    For long term investing, and for the best returns, i should be going for a house instead?

    Cheers
    Nit

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    July 13, 2009 - 11:34 am

    Which suburbs are you talking about.

    Richard Taylor | Australia's leading private lender

    Profile photo of nitrodropsnitrodrops
    Member
    @nitrodrops
    Join Date: 2009
    Post Count: 132
    July 13, 2009 - 12:13 pm
    Qlds007 wrote:
    Which suburbs are you talking about.

    Hi Richard,

    As for units, looking at Inner-West such as Toowong, Taringa, Indooroopilly, Auchenflower.

    Still trying to read up on the surburbs for houses, because i have been living in inner-city all these while. Still dont know if i shoud head North or South.

    But for the South, i am looking at Eight Miles Plains, Calamvale and Runcorn. Easy access to M1 to go to city every day.

    Cheers
    Nit

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    July 13, 2009 - 2:27 pm

    Might be slightly biased but i live in the Western suburbs and own a number of properties in both Toowong, Taringa and Auchenflower and they have all perfromed extremely well.

    Richard Taylor | Australia's leading private lender

    Profile photo of nitrodropsnitrodrops
    Member
    @nitrodrops
    Join Date: 2009
    Post Count: 132
    July 13, 2009 - 10:16 pm
    Qlds007 wrote:
    Might be slightly biased but i live in the Western suburbs and own a number of properties in both Toowong, Taringa and Auchenflower and they have all perfromed extremely well.

    Yes, i agreed they have performed extremely well, at least a 10% growth for each year.

    I am thinking if i am too late to jump in now? In the long run of 20 – 30 years, would a house in those suburbs outpeform these units?

    Also any comments on those surburbs for the houses which i am looking at?

    Cheers
    Nit

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