Hi all, I've been reading the forums for a good few weeks now but I've finally signed up So happy new year!
I'm currently in the ACT and I'm finally in the position to buy my first property. I've weighed up the costs and benefits of PPOR and a IP and I've decided to go down the IP route.
My intentions are to rent out the place for 2-3 years before I'll move into it myself. So I'm only looking into buying into places that I would be interested in living in myself (ACT only).
I've been doing as much research as I can and I've made a shortlist of places in Braddon, Turner (apartments) and Bruce and Watson (townhouses).
I've seen a bit of variation in the capital growth between these suburbs but I believe (and correct me if I'm wrong!) that the places closer to the city such as Braddon and Turner could have more potential for growth. Though Bruce seems to be considered highly desirable. The rental yield is pretty appealing too for all the places at around 5.8% (I know there's better out there, but I don't want any of those places to be a future PPOR).
I've searched "Canberra" several times on the forums and I've read through countless pages but I can't seem to find any idea on any ideal or recommended inner north suburbs? Are there any recommendations out there?
I've read many articles suggesting things like interest rates will continue to rise and this will lead to potentially some bargains on the market. Also in a recent article on these forums I read that Canberra was at its "peak". Obviously taking the plunge for the first time I'm taking a lot of note of any articles regarding Canberra. What are your opinions? I don't intend on selling, but I also don't want to be paying more for a place if only I had just waited 6 months...
Finally does anyone know when the next CRIN meeting is? I'd love to attend atleast one to find out what they're like.
Thanks for any info, I've already learnt so much from these forums! Hopefully I'll meet some of the Canberra people in the future.
Rob (sorry for the long post)
I'm currently in the ACT and I'm finally in the position to buy my first property. I've weighed up the costs and benefits of PPOR and a IP and I've decided to go down the IP route.
My intentions are to rent out the place for 2-3 years before I'll move into it myself. So I'm only looking into buying into places that I would be interested in living in myself (ACT only).
I've been doing as much research as I can and I've made a shortlist of places in Braddon, Turner (apartments) and Bruce and Watson (townhouses).
I've seen a bit of variation in the capital growth between these suburbs but I believe (and correct me if I'm wrong!) that the places closer to the city such as Braddon and Turner could have more potential for growth. Though Bruce seems to be considered highly desirable. The rental yield is pretty appealing too for all the places at around 5.8% (I know there's better out there, but I don't want any of those places to be a future PPOR).
I've searched "Canberra" several times on the forums and I've read through countless pages but I can't seem to find any idea on any ideal or recommended inner north suburbs? Are there any recommendations out there?
I've read many articles suggesting things like interest rates will continue to rise and this will lead to potentially some bargains on the market. Also in a recent article on these forums I read that Canberra was at its "peak". Obviously taking the plunge for the first time I'm taking a lot of note of any articles regarding Canberra. What are your opinions? I don't intend on selling, but I also don't want to be paying more for a place if only I had just waited 6 months...
Finally does anyone know when the next CRIN meeting is? I'd love to attend atleast one to find out what they're like.
Thanks for any info, I've already learnt so much from these forums! Hopefully I'll meet some of the Canberra people in the future.
Rob (sorry for the long post)