Hi SSer's
Been reading this forum for a while but only very recently joined and my first post!
I live in Sydney and I had a look at the Sydney market, theres a lot of rental yield growth but apartments/houses here a bit pricey for the rental yield that I can get and I think investing in another state could return better for same amount of money invested.
I'm thinking of buying my first investment property in Brisbane as I see a lot capital growth potential esp in Inner City in the next 5-10 years. I know for the inner city area apparently 2 bedroom apartments was the way to go there but there has been a sharp increase in demand for 1 bedroom.
I guess that's a question on my own budget and how much I can afford.
So I'm stuck where should I go for an apartment with a carspace (For extra $56k) or should I get one without as I plan on holding on this property and using it to generate cash flow.
Any advice?
Thanks
Been reading this forum for a while but only very recently joined and my first post!
I live in Sydney and I had a look at the Sydney market, theres a lot of rental yield growth but apartments/houses here a bit pricey for the rental yield that I can get and I think investing in another state could return better for same amount of money invested.
I'm thinking of buying my first investment property in Brisbane as I see a lot capital growth potential esp in Inner City in the next 5-10 years. I know for the inner city area apparently 2 bedroom apartments was the way to go there but there has been a sharp increase in demand for 1 bedroom.
I guess that's a question on my own budget and how much I can afford.
So I'm stuck where should I go for an apartment with a carspace (For extra $56k) or should I get one without as I plan on holding on this property and using it to generate cash flow.
Any advice?
Thanks