Dear Property Experts,
I'm been looking at some house & land package options in the Upper Kedron area of Brisbane & wanted to get your feedback about that area. Being based in Melbourne, I don't have much knowledge about the Brisbane market but would like to conduct some research & studies to acquire an IP in that region. Any thoughts / suggestions?
Cheers'
NM7
Hi NM
Upper Kedron or Keppara not that much difference between the two.
Must admit strange suburb for someone in VIc to invest in .
Can i ask you what made you choose the area as it certainly wouldn’t be anywhere we would put any of our Vic clients into or i would personally buy into myself adding to portfolio.
Nice tree line suburb but nothing really going for it.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
If you are looking in Brisbane and I think this is a good market to invest in, I would look at properties that are around 5 or 6 km from the city center. Naturally you have to look at your budget but the inner city market should show strong growth over the next few years.
Nigel Kibel | Property Know How
http://propertyknowhow.com.au
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Hi Richard,
Thank you kindly for your reply and I was introduce to a new house & land package in Upper Kedron within the Jarrah estate for investment. Hence, I just wanted to get views of the experts here in regards to which location within Brisbane that would potentially fetch good growth & good yield for approx $450K to $500K. Have you got any suggestions?
Regards,
NM
Thanks for your views Nigel … as replied to Richard, I'm certainly looking at some good opportunities within Brisbane but wasn't sure what my best options are, particularly being based in Melbourne. I'm concern of choosing an area that might be flood-prone or just not attractive to potential tenants. What sort of budget range would be involved with the inner city market of 5-6km range you mentioned? Are these house & land packages or existing homes?
Cheers'
NM
You would not buy house and land that sort of distance from the city so you would look at either existing homes, townhouses or apartments.
Nigel Kibel | Property Know How
http://propertyknowhow.com.au
Email Me | Phone MeWe have just launched a new website join our membership today
Hi NM
As discussed on the phone yesterday there are many suburbs i am putting my forum clients into that give excellent opportunity for capital growth as well as hhealthy rental returns .
Unlike Nigel i believe you can go further out than 5-6 kms and still get good opportunity and that is starting to reflect in rage valuations we are seeing come back.
Exciting ttimes ahead.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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