I want to purchase somehing in Brisbane north - suburbs I've been looking closely at are Taigum, Zillmere, Boondall, Bracken Ridge, Bald Hills. These suburbs are between 12-19km from the city and in 'Brisbane City Council' area.
I was seriously considering a couple of older 2/3 bed townhouses with gross yield about 6%. I notice that there is the odd house in that price range too, but the yield can be more like 4% and some of them need a fair bit of work/ongoing maintenance. Then there are areas like Strathpine or somewhere on Redcliffe Peninsula (Moreton Bay City Council though), where a house can be similar money to the townhouses. 10 years ago I thought Redcliffe would be a good place to invest long term, but it hasn't seemed to have had much growth - not any more so than the Brisbane suburbs, and I'm not sure the rail line will make much difference to Redcliffe if it is going to take so long to get to the city. The yield in the outer areas is still not as good as the units in the closer suburbs though from what I've seen...but then the unit vs house/land component is also a consideration.
My strategy will be buy and hold, but I am hoping for capital growth to use as equity for deposit, etc on future purchase - hopefully #3 within a few years at most. CF neutral would be good, but it is not as crucial as CG potential. If there are any Brisbane investors that have their own experiences or any ideas about which of these areas/types of properties they would be considering I'd love to hear them.
I was seriously considering a couple of older 2/3 bed townhouses with gross yield about 6%. I notice that there is the odd house in that price range too, but the yield can be more like 4% and some of them need a fair bit of work/ongoing maintenance. Then there are areas like Strathpine or somewhere on Redcliffe Peninsula (Moreton Bay City Council though), where a house can be similar money to the townhouses. 10 years ago I thought Redcliffe would be a good place to invest long term, but it hasn't seemed to have had much growth - not any more so than the Brisbane suburbs, and I'm not sure the rail line will make much difference to Redcliffe if it is going to take so long to get to the city. The yield in the outer areas is still not as good as the units in the closer suburbs though from what I've seen...but then the unit vs house/land component is also a consideration.
My strategy will be buy and hold, but I am hoping for capital growth to use as equity for deposit, etc on future purchase - hopefully #3 within a few years at most. CF neutral would be good, but it is not as crucial as CG potential. If there are any Brisbane investors that have their own experiences or any ideas about which of these areas/types of properties they would be considering I'd love to hear them.