You can buy in Warrnambool for around that price. I'd buy and hold with a view to unit development for future boomer retirement (mine included)
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this was the house
http://stmarys.ljhooker.com.au/BXNF7D
land wasn't very big and there wasn't a garage
Nice!! What did it go for?
This is of course an investment property to be kept for at least 10 years
Ideally it would be neautral or even positively geared
but the main aim is capital gains
Will be intersting to see everyones thoughts
No where at all. I would put it into a few blue chip shares or low cost index fund.
Logan
Is there a specific part of Logan?
Seems to be a large area covered by Logan City and many suburbs within
Any flooding issues there?
WA I would avoid - wouldn't like to be buying in a boom cycle as prices have already risen sharply there.
Maybe look at these
Redcliffe peninsula- 30 km from Brisbane
Beach suburbs which are a rarity in Brisbane, very cheap when compared with other similiar locations in Aus
Wont get much in a decent area in Redcliffe for $250k.
Why would you buy in redcliffe when you can buy something closer to brisbane with the same price? Redcliffe is nice, but there's no industry, many retirees there... Better to buy something closer to a capital city... No?
.....
Also if it's not less than 15 km from the city I would go the beach suburb
How much does it cost to buy into a Sydney coastal suburb 30km from the city?