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From: Katrina Maujean
Hi all
I've been reading books and discussion boards and newspapers and I've now reached a point where I've braved the R/E agents and my partner and I have started house hunting, only to find that what we thought we wanted keeps changing direction somewhat and I'm starting to feel a little overwhelmed.
We were initially going to purchase a new development property on the Gold Coast (eligible for 10k FHOG - will live in briefly if necessary) however we started looking at units as the rental return appeared to be so much better and now I'm somewhat confused. We've looked at units, established houses, new developments, holiday apartments and town houses. Some near the beach, some on the canals and some on dry blocks.... I'm struggling with finding direction and don't feel like I have a clear idea anymore of where I should buy and whether units are better than houses or vice versa. We would prefer to renovate or landscape however it appears that unless you are onside with an agent you don't seem to get access to any good properties like this - the general public seems to get the 'leftovers'.
I'm tempted to buy the Residex top 100 postcodes report to help me with choosing a capital growth area - has anyone got any feedback on this? Is it worth buying? Is there any other reports that I should be aware of to give me some direction? I'm thinking that we need capital growth more so than rental yield for our first property as we want to buy again as soon as we can afterwards, hence I believe a house would be better?
I've had mixed reports about the Gold Coast but it's experienced massive growth recently and I don't think it's over yet, however the longer we wait, the higher the prices are getting and we don't want to miss the boat.
I am starting to get very frustrated and exhausted from looking at so many properties yet still not feeling like I'm getting anywhere. It sounded so much easier than this before I started... please tell me it gets better!
Thanks in advance for any clarity or direction anyone can offer to this overwhelmed newbie. (apologies for the long post).
Katrina
Hi all
I've been reading books and discussion boards and newspapers and I've now reached a point where I've braved the R/E agents and my partner and I have started house hunting, only to find that what we thought we wanted keeps changing direction somewhat and I'm starting to feel a little overwhelmed.
We were initially going to purchase a new development property on the Gold Coast (eligible for 10k FHOG - will live in briefly if necessary) however we started looking at units as the rental return appeared to be so much better and now I'm somewhat confused. We've looked at units, established houses, new developments, holiday apartments and town houses. Some near the beach, some on the canals and some on dry blocks.... I'm struggling with finding direction and don't feel like I have a clear idea anymore of where I should buy and whether units are better than houses or vice versa. We would prefer to renovate or landscape however it appears that unless you are onside with an agent you don't seem to get access to any good properties like this - the general public seems to get the 'leftovers'.
I'm tempted to buy the Residex top 100 postcodes report to help me with choosing a capital growth area - has anyone got any feedback on this? Is it worth buying? Is there any other reports that I should be aware of to give me some direction? I'm thinking that we need capital growth more so than rental yield for our first property as we want to buy again as soon as we can afterwards, hence I believe a house would be better?
I've had mixed reports about the Gold Coast but it's experienced massive growth recently and I don't think it's over yet, however the longer we wait, the higher the prices are getting and we don't want to miss the boat.
I am starting to get very frustrated and exhausted from looking at so many properties yet still not feeling like I'm getting anywhere. It sounded so much easier than this before I started... please tell me it gets better!
Thanks in advance for any clarity or direction anyone can offer to this overwhelmed newbie. (apologies for the long post).
Katrina
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