Mid melbourne or brisbane

Im currently looking at mid suburbs in Melbourne such as Carnegie.

Also looking at equivalent suburbs in Brisbane such as Carindale

Both areas seem to share similar demographics, distance to CBD, both southeast, socio economic status.

Am looking for about 12-15 year hold IP. Budget is about 650k-750k max. Prefer houses or villas/townhouse.

Seeking predominantly capital growth, but would also want satisfactory rental yields - that is not too negatively geared. Some NG is fine and acceptable.

What do forum members think?
 
Also looking at equivalent suburbs in Brisbane such as Carindale
Both areas seem to share similar demographics, distance to CBD, both southeast, socio economic status.
Am looking for about 12-15 year hold IP. Budget is about 650k-750k max. Prefer houses or villas/townhouse.
Seeking predominantly capital growth, but would also want satisfactory rental yields - that is not too negatively geared. Some NG is fine and acceptable.
What do forum members think?

Carindale's good: convenient to the City/Valley, not far to the Gateway, big mall.
Bad: Old Cleveland Rd is really busy, no train station.
You would have to look at it's previous performance and find a suitable property that matches your criteria.
Edit: had a quick look, looks like it's gone up a fair bit recently.
 
Am looking for about 12-15 year hold IP. Budget is about 650k-750k max. Prefer houses or villas/townhouse.

Seeking predominantly capital growth, but would also want satisfactory rental yields - that is not too negatively geared. Some NG is fine and acceptable.

What do forum members think?

Not sure you'll find any houses in Carnegie in that price bracket.

The Y-man
 
Both are great areas, more important to make a decision and getting going as both areas are hot ad you are losing ground out of the market.

Carindale may have more growth left in it the next 2-3 years but both should be excellent long term areas for investment. In Carnegie make sure whatever you buy is on the 'ground'
 
Mid Brissie is good....but be very wary of mid Melbourne!

Both are great areas, more important to make a decision and getting going as both areas are hot ad you are losing ground out of the market.

Carindale may have more growth left in it the next 2-3 years but both should be excellent long term areas for investment. In Carnegie make sure whatever you buy is on the 'ground'
 
650-750 for Carnegie list 2 available options according to realestate.com.au as of 15/06

same parameters search in Carindale lists 9 available.

take the hint where the market favours buyers between the two.
 
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