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Hi Frisky, apologies for the late reply, work has been pretty hectic lately. We ended up buying a new townhouse (just completed) in Upper Mount Gravatt. It's 3 bedrooms, 2.5 bathrooms, ducted air, balcony access from two bedrooms and single garage. It is in a small block of 4 town houses and...

Also, how much importance should I place on depreciation? Most of the houses I am looking at in this price range are established older style houses. Some may have been partially renovated which I'm assuming could be claimed as depreciation. Alternatively, a far higher proportion of town houses...

That's great, I will definitely go and have a look around Runcorn then. I'll be in Brisbane scouting around this week. I'm not really expecting to find anything straight away but I guess it could happen. I may end up flying home and having to buy remotely which will be harder, but sounds like...

On a side note, does everyone in Brisbane now buy insurance with flood protection or only those in designated areas from 2011?

Thanks for the advice so far. The goal of the property is to achieve capital growth to enable me to buy more property in the future and ultimately retire in my 40s if possible. I don't plan on selling anytime soon if all goes well. I'm actually pre approved for two properties at roughly 500k...

Thanks A Jeremy. What's the general thought on the southern suburbs such as Annerley, Green Slopes, Holland Park or Morningside? There are some decent town houses I've seen around these areas online. On the North Side Chermside seems to stand out from reading articles online. What about...

Thanks Beanie Girl, that's a great help! I'm not really set on any area in particular yet. That's the main reason I am going up there next week in order to get a feel what each area is like. My main aim is capital gain. I plan to hold onto it for the long term and hopefully it will be one...

Hi all, Well we finally have our loan pre approval sorted out and are going to Brisbane next week to scout out some areas and possibly purchase our first investment property. We are from Sydney so don't have a great knowledge of the suburbs in Brisbane. I've been reading up and doing as much...