All Topics / Help Needed! / Brisbane or Logan or Moreton Bay?
Hi
I’ve been trying to select an area for getting my next IP. My budget is upto $450K (ideally around $400K) @ 100% LVR. I wish to complete purchase by mid March 2016. I plan to hold for 10 years & aim is to maximise capital growth with out of pocket cashflow weekly $80/wk max. I would like short-med GC (next 1-2 years) so the equity could sponsor my future IP purchases.
My question is should I buy a house in:
1. Areas like Bracken Ridge or Bald Hill in BCC (overall growth in Brisbane?)
2. Areas like Slacks Creek or somewhere near Logan Central in LCC (ripple effect from Brisbane growth?)
3. Areas like Petrie, Kallangur in Moreton Bay (the new uni, hospital and rail line?)Any suggestions or advise on the capital growth drivers & which area is better would be really appreciated.
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