Hi all,
I know that there were quite a few "where in Brissie" threads, but my question is a bit different.
I'm currently looking for IP #2 and the target in Brisbane with the budget of 650k. Parameters are:
- Free standing house with a comfortable plot size
- Excellent GC potential
- Rental yield over 4.5% (is that achievable?)
- Under 7km from the CBD
- Low vacancy rate area (<2%)
- Good condition, low maintenance, high depreciation value (nice to have)
Currently looking south of CBD, around Greenslopes/Holland Park area.
However, due to the changes in the lending regime I'm thinking it might be more prudent (pun intended) to go for a lower price range, maybe under 600k.
However, going under 600k (580k+) will take me further out of the cbd to around 8-10 km, maybe something like Upper Mount Gravatt.
I don't think I have a specific question, but more to understand what the community's thoughts are on this.
Is a quality IP in the 650k range a better investment then a quality IP under 600k?
Am I just constraining myself in the 7km vs 10km debate?
Do you feel that there are suburbs in the <600k price range that are better then the my target suburbs (i.e. Greenslopes, Holland Park, Holland Park West)?
Two important facts:
1. I'm Sydney based and have a very minimal knowledge of Brisbane
2. I'm new to the property investment world (although I have a lot of theoretical knowledge, for what it's worth)
Any comments/suggestion/questions are welcome.
Thanks in advance
I know that there were quite a few "where in Brissie" threads, but my question is a bit different.
I'm currently looking for IP #2 and the target in Brisbane with the budget of 650k. Parameters are:
- Free standing house with a comfortable plot size
- Excellent GC potential
- Rental yield over 4.5% (is that achievable?)
- Under 7km from the CBD
- Low vacancy rate area (<2%)
- Good condition, low maintenance, high depreciation value (nice to have)
Currently looking south of CBD, around Greenslopes/Holland Park area.
However, due to the changes in the lending regime I'm thinking it might be more prudent (pun intended) to go for a lower price range, maybe under 600k.
However, going under 600k (580k+) will take me further out of the cbd to around 8-10 km, maybe something like Upper Mount Gravatt.
I don't think I have a specific question, but more to understand what the community's thoughts are on this.
Is a quality IP in the 650k range a better investment then a quality IP under 600k?
Am I just constraining myself in the 7km vs 10km debate?
Do you feel that there are suburbs in the <600k price range that are better then the my target suburbs (i.e. Greenslopes, Holland Park, Holland Park West)?
Two important facts:
1. I'm Sydney based and have a very minimal knowledge of Brisbane
2. I'm new to the property investment world (although I have a lot of theoretical knowledge, for what it's worth)
Any comments/suggestion/questions are welcome.
Thanks in advance