Hi Guys,
I’m from Sydney and have fairly poor knowledge of Brisbane, however i feel like it might make a good area to invest.
I’m looking for a house within 10km of the CBD, i have about about $600-650,000 to play with, looking for rental yield as close to 5% as possible. Investing predominately for capital growth.
Have been looking at areas such as Norman Park, morning side, fairfield and Yeronga. What are these areas like? and would you advise these as good opportunites? Should i perhaps be looking North of city too?
Any help would be much appreciated.
same question ask
Your rental yield expectations for these areas is quite ambitious.
Take a step back and decide if your objective is the rental yield, or to own property in a particular area. If you require a particular rental yield, find the suburbs that qualify.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Personally I don’t have an issue with any of the suburbs mentioned and in fact would be up there with some of the better areas in that mid price range for Brisbane.
In saying this as Jacqui has mentioned you need to decide if you want a particular yield in mind or are prepared to sacrifice income for potential growth.
We source property in SE Qld for forum members on a regular basis and you would be surprised how many clients don’t have a clear path too where they want the investment to take them.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Thank you both for your reply. I am certainly prepared to sacrifice yield for potential growth, just wanting to keep holding costs to a minimum as everyone does.
Richard- i have also looked at areas north of CBD such as newmarket, windsor, Grange, Enoggera and Clayfield. All seem to be well located near train lines and not too far from CBD. What are your thoughts?
Thanks again for your reply.
Yeah great focus area, Brisbane CBD. Check out this article this week from John McGrath – http://m.couriermail.com.au/realestate/news/john-mcgrath-identifies-the-property-golden-triangle-to-buy-now-for-capital-growth/story-fnihpu6h-1227377900326
I own on the Gold Coast and am seriously looking in Brisbane 10km radius also!
James MRD | MRD Partners
http://www.mrdpartners.com.au
Email Me | Phone MeMRD provide ethical property investment expertise that drive long-term wealth creation
For that price range you could try Annerley, which also gives you the opportunity to rent out rooms individually to students being close to UQ and may just land you your desired 5% rental yield. Happy hunting!!
Andrew
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