Hey all, my fiance and I are looking to buy our first joint IP in Raceview (Ipswich). She already has a 1 bdr IP in Bulimba that she's owned since 2009. We've been negotiating on a 3 bdr house in Raceview and the numbers definitely stack up from a CF perspective, but I'm wondering about the potential for CG in the area over the next few years.
The purchase price will mean we have enough capital left to fund a 3rd purchase later this year, versus sinking all our capital into 1 property that's more centrally located. We're eager to hold our properties long term, but need to see some growth with our initial properties to build our foundation portfolio. So what I'm wondering is...
What are people's thoughts on Raceview and the Ipswich area, vs the hotter areas like Logan and Nth Brisbane?
The purchase price will mean we have enough capital left to fund a 3rd purchase later this year, versus sinking all our capital into 1 property that's more centrally located. We're eager to hold our properties long term, but need to see some growth with our initial properties to build our foundation portfolio. So what I'm wondering is...
What are people's thoughts on Raceview and the Ipswich area, vs the hotter areas like Logan and Nth Brisbane?
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