Finally after being given the green light for a 90% loan which allows for excess funds to be parked into the offset, now the big question is where to invest with a limited budget topping out around the 360k mark. I will be looking at property that has room to add basic cosmetic upgrades to increase value/rental yield.
All signs point toward South East QLD for the market to be in for 2015 & one where the yields are still manageable, Initial thoughts was an older 2 bedder inner Brisbane unit, concerns being the amount of investors fighting to get into the market there, strata fees, possible future over-supply & therefore less room for rental yields to rise.
A couple of regular posters steered my thoughts toward a house further out with land component, I had initially looked toward the Logan / Ipswich surroundings but the constant message I keep hearing about buying into Brisbane is getting closer into the CBD & into an area with tighter land supply, this looks to be the same as Kippa-ring / Kallangur surrounds. I could always get in closer on the north side Taigum, Fitzbibbon, Zillmere etc, or southern Capalaba surrounds but land component is likely to be very small for the budget in those areas.
My budget obviously doesn't allow for development but what would be a basic guide to minimal land size .. I'm guessing at least 400sqm in areas closer in but ideally 600sqm+ which would mean much further out?
So to keep this short, as I'm buying from overseas & decided that a buyers agent option is the most sensible, I don't think it would be fair for anyone who has done all the hard work & researched the best place to invest but I would love to hear which region investors would suggest so I can jump on a buyers agent in that area & stop hitting my head against the wall procrastinating. Even it was stick to inner city unit, outer north side house, outer south side house, or even gold coast toward Coolangatta & sunshine coast where vacancies are low. Any thoughts would be great & a huge help! Cheers in advance!
All signs point toward South East QLD for the market to be in for 2015 & one where the yields are still manageable, Initial thoughts was an older 2 bedder inner Brisbane unit, concerns being the amount of investors fighting to get into the market there, strata fees, possible future over-supply & therefore less room for rental yields to rise.
A couple of regular posters steered my thoughts toward a house further out with land component, I had initially looked toward the Logan / Ipswich surroundings but the constant message I keep hearing about buying into Brisbane is getting closer into the CBD & into an area with tighter land supply, this looks to be the same as Kippa-ring / Kallangur surrounds. I could always get in closer on the north side Taigum, Fitzbibbon, Zillmere etc, or southern Capalaba surrounds but land component is likely to be very small for the budget in those areas.
My budget obviously doesn't allow for development but what would be a basic guide to minimal land size .. I'm guessing at least 400sqm in areas closer in but ideally 600sqm+ which would mean much further out?
So to keep this short, as I'm buying from overseas & decided that a buyers agent option is the most sensible, I don't think it would be fair for anyone who has done all the hard work & researched the best place to invest but I would love to hear which region investors would suggest so I can jump on a buyers agent in that area & stop hitting my head against the wall procrastinating. Even it was stick to inner city unit, outer north side house, outer south side house, or even gold coast toward Coolangatta & sunshine coast where vacancies are low. Any thoughts would be great & a huge help! Cheers in advance!
