Hi guys,
I am a man from melb in his 30s looking to invest in the coming year in an investment property with a budget of up to $300K. I described my situation in detail in this post: http://somersoft.com/forums/showthread.php?t=104532
I am a first time investor without much income presently going into the market due to an inheritance, who has been trying to learn as much as he can about property. I am thinking of using a buyers agent.
From what I've read it's a good idea to get a buyers agent who specialises in a specific area and knows that market well, so my first decision is where to invest. I realise that 300K won't get me much, so there are a few general areas I've been considering. They seem pretty standard and obvious, but here are my goals:
- I am looking for capital growth long term.
- A decent yield would be good, but capital growth is more important I think
- I want as low maintenance issues as possible, being a first time investor
- Keeping the place tenanted is important too, so somewhere with a low vacancy - Basically I want a boring conservative growth investment, as low maintenance as possible
I would like Brisbane as it's tipped to have good gains in 2015, but I don't think I
can afford there.
I am deciding between the cheaper cities of Hobart and Adelaide, or a regional centre such as Ballarat or Bendigo. Bendigo seems to have performed very well over the last five ten years.
I think I'd prefer the capital cities for long term growth, but do people think that 300k would get a decent investment in one of those places? Or would i be better off going somewhere regional where 300k is closer to the median?
Any help would be greatly appreciated
I am a man from melb in his 30s looking to invest in the coming year in an investment property with a budget of up to $300K. I described my situation in detail in this post: http://somersoft.com/forums/showthread.php?t=104532
I am a first time investor without much income presently going into the market due to an inheritance, who has been trying to learn as much as he can about property. I am thinking of using a buyers agent.
From what I've read it's a good idea to get a buyers agent who specialises in a specific area and knows that market well, so my first decision is where to invest. I realise that 300K won't get me much, so there are a few general areas I've been considering. They seem pretty standard and obvious, but here are my goals:
- I am looking for capital growth long term.
- A decent yield would be good, but capital growth is more important I think
- I want as low maintenance issues as possible, being a first time investor
- Keeping the place tenanted is important too, so somewhere with a low vacancy - Basically I want a boring conservative growth investment, as low maintenance as possible
I would like Brisbane as it's tipped to have good gains in 2015, but I don't think I
can afford there.
I am deciding between the cheaper cities of Hobart and Adelaide, or a regional centre such as Ballarat or Bendigo. Bendigo seems to have performed very well over the last five ten years.
I think I'd prefer the capital cities for long term growth, but do people think that 300k would get a decent investment in one of those places? Or would i be better off going somewhere regional where 300k is closer to the median?
Any help would be greatly appreciated