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There's a few threads on this.
Usually Sydney is first and as you've probably noticed on the forums its in hysteria mode. Perth is basically at the boil, it takes a fair bit of skill to find profitable deals there now. Melbourne is next down from that I feel.
Adelaide and Brisbane are the next goers imho. Thats where I'm buying / looking.
Basically chase the wave all around the country, it's fun
Not sure which market you are referring to but Cairns is at the bottom or start of recovery according to HTW. As you probably know employment is still weak but prices have increased slightly in the last year.Hey
I'm a first time investor
Is 25k enough to start investing in property, if so would you suggest buying in this heated market or save for another year.
Cheers,
I assumed most of australia would be due to the interest rate being so low?
I am only going off what I have read and heard I'm still in the learning process of how this all works.
Is 25k enough to start investing in property, if so would you suggest buying in this heated market or save for another year.
Cheers,
Hey yes I am going to see a broker this week to find out my borrowing capacity. I'm not really looking to buy in cairns for the reasons stated above.
And I have learnt my lesson with people selling off the plan. Nearly got caught with that one.
There is a BIG new resort being planned which has generated a lot of interest though I found the croc signs on creeks off putting , though we've had two shark attacks within Cooee of our port Stephens weekender .....
I've seen a big croc in a creek beside a new development in Townsville - no signs, is that better or worse?
Maybe they can make it part of the new resort , an adventure resort ..
Cliff
Hey
I'm a first time investor
Is 25k enough to start investing in property, if so would you suggest buying in this heated market or save for another year.
Cheers,