Hi,
I'm from Perth and my husband and I are looking to buy our first IP with a budget of up to $300k, we would prefer a house on it's own block with little maintenance/repairs required.
After doing some research, we are looking in the Brisbane/ Gold Coast corridor (eg, Coomera, Upper Coomera, Beenleigh, Logan area... Crestmead, Underwood, Shailer Park, Tenah Merah). What are your hot tips for soon-to-boom suburbs in this corridor?
Should we look at a southern suburb of Brisbane instead? Are there any suburbs left in Brisbane that would have houses under $300k in decent condition? Any suburbs left under 15km to the city?
Do you think this Brisbane/GC area will boom in the next couple of years? What's your definition of "boom"?
Alternatively, would it be better to look elsewhere such as Adelaide or Melbourne? Although, I think Melbourne is too expensive now and Adelaide just doesn't seem to have any appeal to me even though house prices are cheap. What about Townsville and Cairns?
Okay, if you had $300k to spend on an investment property right now, where would you buy and what would you buy?!
Sorry for all the questions, but there seems to be so much information out there and I have received a lot of differing advice from people (which is to be expected, I guess!). Anyway, your opinions would be greatly appreciated, too!
Thanks in advance,
QI
I'm from Perth and my husband and I are looking to buy our first IP with a budget of up to $300k, we would prefer a house on it's own block with little maintenance/repairs required.
After doing some research, we are looking in the Brisbane/ Gold Coast corridor (eg, Coomera, Upper Coomera, Beenleigh, Logan area... Crestmead, Underwood, Shailer Park, Tenah Merah). What are your hot tips for soon-to-boom suburbs in this corridor?
Should we look at a southern suburb of Brisbane instead? Are there any suburbs left in Brisbane that would have houses under $300k in decent condition? Any suburbs left under 15km to the city?
Do you think this Brisbane/GC area will boom in the next couple of years? What's your definition of "boom"?
Alternatively, would it be better to look elsewhere such as Adelaide or Melbourne? Although, I think Melbourne is too expensive now and Adelaide just doesn't seem to have any appeal to me even though house prices are cheap. What about Townsville and Cairns?
Okay, if you had $300k to spend on an investment property right now, where would you buy and what would you buy?!
Sorry for all the questions, but there seems to be so much information out there and I have received a lot of differing advice from people (which is to be expected, I guess!). Anyway, your opinions would be greatly appreciated, too!
Thanks in advance,
QI