Greetings,
This is my first post here. I live and work in Hong Kong, where properties are incredibly expensive, and show $ is momentarily very high. So I would like to buy a property in Australia, to rent out (using the rent to pay off the mortgage, and hopefully when I retire in 17 years, live off the rent). So, where would you buy the property?
I heard that Perth is about to suffer from the mining “de-boom”, Perth and Sydney are very expensive, and will shortly suffer a housing surplus, i.e. falling prices and rents. This leaves Brisbane? I read prices have been stalling in Brisbane for the last few years, so it’s a bit cheaper, but when I look at the new properties being build (at realestate dot com dot au) they don’t seem to be any cheaper.
What else? Adelaide? Or I am sure that some suburbs within particular cities are still cheaper and set to grow. What would you suggest?
Please don’t forget that I am living in Hong Kong, so I think my purchasing is limited to new properties (I believe).
If anybody can help, I would be really grateful!!
John
Hi John,
I specialise in helping Australian and international investors buy property in Brisbane.
According to Residex and Your Investment Property Brisbane is the Australian capital city with the most potential for capital gains in 2015.
Brisbane has historically had the 3rd highest median price in Australia, yet at the moment Sydney, Melbourne, Canberra, Perth and Darwin all have higher median prices.
I recently helped an investor based in Singapore, Malaysia and London purchase well priced investment property in Australia.
You can still build quality property with a 25km of Brisbane CBD for well under $500,000. Please take a look at one I recently built myself here: http://www.pumpedonproperty.com/dual-ocupancy-house-in-kallangur-queensland/.
If you are interested in speaking further I would be more than happy to organise a time on Skype.
Hi John,
I specialise in helping Australian and international investors buy property in Brisbane.
According to Residex and Your Investment Property Brisbane is the Australian capital city with the most potential for capital gains in 2015.
Brisbane has historically had the 3rd highest median price in Australia, yet at the moment Sydney, Melbourne, Canberra, Perth and Darwin all have higher median prices.
I recently helped investors based in Singapore, Malaysia and London purchase well priced investment property in Australia.
You can still build quality property with a 25km of Brisbane CBD for well under $500,000. Please take a look at one I recently built myself here: http://www.pumpedonproperty.com/dual-ocupancy-house-in-kallangur-queensland/.
If you are interested in speaking further I would be more than happy to organise a time on Skype.
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