Hi all,
I'm currently in the process of organising finance for IP #3 thanks to my 2 Western Sydney IPs having some good growth in the 6 months I've had them. I'm planning to buy #3 in QLD in April so I'm starting to research areas etc.
I'm open to look at all areas but my criteria is $200-300k with at least neutral CF. Buy and hold is my strategy so long term growth is the most important requirement, but short-term growth would also be nice to help grow my portfolio
Logan areas such as Logan Central, Kingston, Beenleigh, Woodridge, Eagleby and Waterford West seem to be well recommended on this forum and it looks as though they're only starting to see shorter 'Time on Market' periods and increases in prices, which is what I saw Western Sydney do 12 months ago before it went crazy...
Just wondering if anyone can offer any advice pertaining to:
1) Anything I should look out for? ie bad parts of certain areas, flood prone zones, DoH areas etc
2) Units/Townhouses/Houses. Are they all generally on par when it comes to finding tenants, quality of tenants etc?
3) Am I correct with my above assumptions (market is only warming up)?
4) A lot of the houses in the area seem to be older.. Are building issues common or are they generally quite hassle-free?
Beanie Girl has posted some good links here pertaining to new zoning laws which I haven't yet read through but will do tonight.
Any help is appreciated!
Enjoy your weekend.
Cheers
John
I'm currently in the process of organising finance for IP #3 thanks to my 2 Western Sydney IPs having some good growth in the 6 months I've had them. I'm planning to buy #3 in QLD in April so I'm starting to research areas etc.
I'm open to look at all areas but my criteria is $200-300k with at least neutral CF. Buy and hold is my strategy so long term growth is the most important requirement, but short-term growth would also be nice to help grow my portfolio
Logan areas such as Logan Central, Kingston, Beenleigh, Woodridge, Eagleby and Waterford West seem to be well recommended on this forum and it looks as though they're only starting to see shorter 'Time on Market' periods and increases in prices, which is what I saw Western Sydney do 12 months ago before it went crazy...
Just wondering if anyone can offer any advice pertaining to:
1) Anything I should look out for? ie bad parts of certain areas, flood prone zones, DoH areas etc
2) Units/Townhouses/Houses. Are they all generally on par when it comes to finding tenants, quality of tenants etc?
3) Am I correct with my above assumptions (market is only warming up)?
4) A lot of the houses in the area seem to be older.. Are building issues common or are they generally quite hassle-free?
Beanie Girl has posted some good links here pertaining to new zoning laws which I haven't yet read through but will do tonight.
Any help is appreciated!
Enjoy your weekend.
Cheers
John