Hi dear all,
I am starting to search my second properties in Brisbane. I would like to hear from experienced investors how you manage to structure your CG and cash flow property up to 10 properties?
Some people said one CG and one cash flow. Redom had adviced to keep 6% yield to maintain borrowing power so you can keep buying.
For my first purchase, I use residex report to assist me to identify the high growth area. Others might look at past growth, transport,school, 15km to CBD, increased development approval etc. According to residex report Brisbane QLD metro, almost no suburbs near CBD (15km)were listed in recent prediction report.
I had chat with Barbara residex before, she said many suburbs were not listed anymore as it had already performed certain %. For instance Manly 4179, have performed >10% in last 12 months. How do I know if it will continue performing?
If it does not perform or grow too slow, it will affect the speed of building up the portfolio. I am expecting to draw equity in 12 months time.
Should I consider any combination of other strategy when the initial rising cycle period is over?
thank you. I am looking forward to hear fellow investors' opinion.
cheers
Paulina ~~
I am starting to search my second properties in Brisbane. I would like to hear from experienced investors how you manage to structure your CG and cash flow property up to 10 properties?
Some people said one CG and one cash flow. Redom had adviced to keep 6% yield to maintain borrowing power so you can keep buying.
For my first purchase, I use residex report to assist me to identify the high growth area. Others might look at past growth, transport,school, 15km to CBD, increased development approval etc. According to residex report Brisbane QLD metro, almost no suburbs near CBD (15km)were listed in recent prediction report.
I had chat with Barbara residex before, she said many suburbs were not listed anymore as it had already performed certain %. For instance Manly 4179, have performed >10% in last 12 months. How do I know if it will continue performing?
If it does not perform or grow too slow, it will affect the speed of building up the portfolio. I am expecting to draw equity in 12 months time.
Should I consider any combination of other strategy when the initial rising cycle period is over?
thank you. I am looking forward to hear fellow investors' opinion.
cheers
Paulina ~~