Hello All, just getting a feel and general opinion on investing on 2-3 bed apartments in the brissy cbd. Whats the gurus thoughts?
Ive also been looking at houses in Mango hill, Moorooka, North Booval, Beenleigh, springfield lakes/springfield areas.
Good or bad, thoughts and experiences, anyone have any relevant information would be greatly appreciated.
Reason im looking into the cbd of brissy is due to the Casino and surrounding works.
Ive found a couple of apartments with good net rental yield, COCR, GoEr and net profit percentage (and also the suburbs above for housing, not apartments) with little deposit required. I’d like to spend No more then $500k on any property, if that gives u anymore indication.
Honestly, any feedback would be appreciated and open to suggestions and thoughts.
CheersHi Cjones
If it is an inner city unit run for the hills as we are starting to see an over supply in this area with falling rents.
Free standing freehold houses is different certainly lots of activity in this market.
Very good demand for quality homes where you can add value and if the number of forum member enquiries we are receiving is an indication of activity we should have another cracking year in Brisbane.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Brisbane CBD, much like many other capital cities at the moment are being CRAMMED with apartments – not great for the supply/demand equation which dictates capital growth. Avoid.
Traditional freestanding (especially queenslanders) in the inner ring will no doubt continue to show strong demand throughout the future due to their limited availability and growing demand. (think of it like this, if theres 1000 queenslanders available and the population doubles in the city over 20 years, there’s now at least twice as many people fighting over the same number of blue chip properties)
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
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