Where to invest in Brisbane area under $500k for futre growth potential ?

The only councils that allow dual income properties to be rented independently are Ipswich and Logan Councils and soon to be Moreton Bay.

Hello,

I would suggest Logan City – suburbs like Eagleby, Beenleigh.

These suburbs are in the middle of Brisbane and Gold Coast city – offering prices in the range from $200k-$250k. You could get rent around $250-$300 p/w if you do your research.

I am in NSW but I believe Logan is underpriced and has capital growth potential, and good rental yield.

Best regards,
Ajay

I purchased my IP in Ipswich. I heard mixed reviews however it was the most affordable area for me to start getting a good return. I paid $230k and getting $300 rent.

My financial advised me to go QLD so I looked and Ipswich was where I felt was best to buy.

Why?? Affordability and a decent rent return was one but my main reason was long term growth for the area. Iv livef in Western Sydney all my life and see the changes. Now Ipswich is in a similar scenario what will it be like in 20 years? Just my guess.

Hey Ivan thanks for you feedback thats much appreciated. Its always good to hear people’s opinions im still learning so its great read to read what people are thinking.
My advisor had no impact in the property I purchased. I was given how much I could borrow and he only advised me on QLD. I actually nearly bought in Orange but the weekend we went to look at it was put on offer. I eventually found what I have now. I have heard different opinions of the area but I am still happy with my purchase. If its anything like Western Sydney it eventually has to expand.

500K could get you started in Melbourne- the place to invest in.

SiteManager wrote:

what about Park Ridge QLD 4125 ? it is now starting to become top 9 in QLD state, it is starting from $300k for 2 bedroom house with 313 Sq Meter.

You have to be careful with these figures – i.e. growth in median prices does always not = actual house price growth. There are a lot of new properties being developed and sold in Park Ridge which pushes up the median sales price but that doesn’t mean that all folk achieved 18% growth on their properties in Park Ridge.

I think you can do better than a new or OTP property in park Ridge on 350sqm.

We have purchased properties on 1000sqm not far away for $330k a few months ago that are now selling for $370k+

#Planning Permit wrote:

Werribbe, Geelong is Victoria’s hottest untapped area now with State Govt new vision. Cranbourne, Narre Warren are good too.

Would not touch Werribee or Geelong – Werribee is a spruiker haven at the moment particularly with H&L and the valuations are coming in very very low…

Cheers Ivan

Well said Geoff!. I was a Toorak man but found South Werribee very exciting- great opportunities lie ahead. A colleague in my Toorak days once said – going to Werribee? Make sure you wind up yor windows! I asked- are you still driving a non electrified car?