If you were given $500,000. Which city would you buy in?

[norwoodman]

I agree with your assessment, but I've also found that Brisbane's holding costs are significantly higher.

* Investors are charged higher council rates by the Brisbane City Council.
* Melbourne's property management fees are often around 6%-7%, Brisbane starts at 8%.
* If you don't have a 'water wise' certificate for a Brisbane property, you can end up paying for a significant portion of their water usage (not just the supply).

Throw in higher insurance costs as well.

 

[Nigel Kibel]

Where to buy for $500,000

Because it has been under valued I believe that Brisbane is a good place to invest.

With an improving economy there is a lot of upside. However with a lot of changes to the planning codes it could create an over supply within a few years. So look fr townhouses and larger apartments. Do not touch small and student apartments

 

[Spades]

With an improving economy

Really

 

[Deltaberry]

Tokyo
Seoul

 

[Blixsem]

Any thoughts then on Warner in Brisbane. Good area or not ?

 

[Nth Brisbanite]

Any thoughts then on Warner in Brisbane. Good area or not ?

Good safe family suburb. A newsih area with very few units and townhouse. Poor public transport although not far from facilities if you car(s). I think that it is a good long term buy.

 

[nhg]

Tokyo
Seoul

Met a guy on the plane yesterday around our age. Was buying international at a higher price point (same as you Deltaberry) in the Asian region.

After getting a breakdown on the figures from him, all I have to say is, Well Done!

 

[Spades]

Jake,if i had 500K,id retire.

Cheers Spades.

 

[Jake Milne]

Jake,if i had 500K,id retire.

That wouldn't be feasible for me... even if I was getting a 5% net return, $25k/pa isn't enough to have a quality of life.

 

[Richard Feynman]

That wouldn't be feasible for me... even if I was getting a 5% net return, $25k/pa isn't enough to have a quality of life.

Perhaps not in Australia.

 

[redwing]

Interesting

Now 43.18% for Brisbane

 

[write2abdul]

Not in Sydney for sure

Interesting

Now 43.18% for Brisbane

 

[Corey Batt]

I'm surprised at the % of people who would go for Adelaide at this price range.

Only development blocks I would think?

 

[D.T.]

I'm surprised at the % of people who would go for Adelaide at this price range.

Only development blocks I would think?

Or maybe multiple properties?

 

[Jamie M]

A reno and hold job in the inner north of Canberra. Might be hard to find something for $500k but something should eventually pop up.

Cheers

Jamie

 

[Angel]

Regarding water charges in "Brisbane", Unity Water (Moreton Region and Sunshine Coast) charges a huge supply charge for water and only a tiny bit now for usage. Therefore the amount paid by tenants has been substantially reduced and we get to pay almost all the charges anyway. I cant talk about a Brisbane City water bill though.

 

[ZachAnSel]

Imho, brisbane already start the steam since last year. I will put my money on adelaide, in south surround noarlunga. Within 1-2 years the growth will awesome (finger cross)

 

[Ace in the Hole]

Interesting

Now 43.18% for Brisbane

So does that mean it's too late now?

 

[Angel]

So does that mean it's too late now?

Probably for inner ring but mid ring is only just starting where I am. My concern is, same as in 2010, rents are so far behind that there are high holding costs. Any comments?

 

[Ace in the Hole]

Probably for inner ring but mid ring is only just starting where I am. My concern is, same as in 2010, rents are so far behind that there are high holding costs. Any comments?

What would you consider as rents being so far behind, 5% ?