Hi guys,
First time poster. I've started looking around to buy a place, and am very new to this so don't have much experience. I spent a few hours just reading around the forums here as I was interested in the Soda Apartments that will be popping up in 2015 in South Brisbane. My plan was to get either a 1 bed/1bath or 2bed/2bath unit in the apartment, live there for ~1year and get the FHB benefit, and then renting it out for a few years, potentially selling it after another few years to buy a bigger place in the suburbs once I start a family. I was looking at Soda because it was in South Brisbane, and:
1. It's a trendy place so wouldn't mind living there for a year or so.
2. I thought that in the next coming years the property value would increase due to it being in South Brisbane, so I could rent it out / sell it in the future for a profit once I start a family and need to move to a bigger place (especially if I end up getting the 1 bedroom apt).
The reason I am not looking at getting a family house in the suburbs at the moment is that I'm not sure if I'll be in Brisbane for a long time (in case moving for a new job etc) so don't want to commit to that.
After reading some threads on this forum it seems that this apartment won't be recommended due to high strata costs, location on Cordelia St, and potential oversupply of apartments in S.Brisbane. Is this correct? Is South Brisbane a good place to buy, or should I only look at renting a place here instead if I want to enjoy the lifestyle for a year or two? I do enjoy the apartment lifestyle also and think that being unmarried atm I am able to do this now rather than in the future, so am willing to cough up a little extra for the strata.
The 1 bedder would face the city on the 16th floor, while the 2 bedder will be on the 17th floor but face towards indooroopilly. The 1 bedder is going for 430k and the 2bedder for 560k. I'd be paying ~90k deposit.
Is this another one of those OTP properties targeted at the overseas investors??
I'd appreciate any advice you can give me. Let me know if you need any more info from me.
Thanks for your help!
First time poster. I've started looking around to buy a place, and am very new to this so don't have much experience. I spent a few hours just reading around the forums here as I was interested in the Soda Apartments that will be popping up in 2015 in South Brisbane. My plan was to get either a 1 bed/1bath or 2bed/2bath unit in the apartment, live there for ~1year and get the FHB benefit, and then renting it out for a few years, potentially selling it after another few years to buy a bigger place in the suburbs once I start a family. I was looking at Soda because it was in South Brisbane, and:
1. It's a trendy place so wouldn't mind living there for a year or so.
2. I thought that in the next coming years the property value would increase due to it being in South Brisbane, so I could rent it out / sell it in the future for a profit once I start a family and need to move to a bigger place (especially if I end up getting the 1 bedroom apt).
The reason I am not looking at getting a family house in the suburbs at the moment is that I'm not sure if I'll be in Brisbane for a long time (in case moving for a new job etc) so don't want to commit to that.
After reading some threads on this forum it seems that this apartment won't be recommended due to high strata costs, location on Cordelia St, and potential oversupply of apartments in S.Brisbane. Is this correct? Is South Brisbane a good place to buy, or should I only look at renting a place here instead if I want to enjoy the lifestyle for a year or two? I do enjoy the apartment lifestyle also and think that being unmarried atm I am able to do this now rather than in the future, so am willing to cough up a little extra for the strata.
The 1 bedder would face the city on the 16th floor, while the 2 bedder will be on the 17th floor but face towards indooroopilly. The 1 bedder is going for 430k and the 2bedder for 560k. I'd be paying ~90k deposit.
Is this another one of those OTP properties targeted at the overseas investors??
I'd appreciate any advice you can give me. Let me know if you need any more info from me.
Thanks for your help!