Hi I am new to the forum - I just stumbled upon it while doing research on different markets and it looks like a friendly resource full of useful information.
I am looking at purchasing 2-4 IP this year, at least two in Brisbane (I'm in Sydney). I am just not sure about areas for CG. As these will be my first IPs (I have renovated and sold PPOR before but that's it) I really need growth to pull out equity for more deposits.
Has the boat sailed for houses in Redcliffe ? If so what about Kedron ? it looks close to the CBD or should I buy one in each ?
Also what is considered 'good' growth in one year 5% ? 7% 10 % ?
Thanks
Logan
I am looking at purchasing 2-4 IP this year, at least two in Brisbane (I'm in Sydney). I am just not sure about areas for CG. As these will be my first IPs (I have renovated and sold PPOR before but that's it) I really need growth to pull out equity for more deposits.
Has the boat sailed for houses in Redcliffe ? If so what about Kedron ? it looks close to the CBD or should I buy one in each ?
Also what is considered 'good' growth in one year 5% ? 7% 10 % ?
Thanks
Logan