Hi all, I am heading upto to SE QLD for a week in July to have a look around at some areas of interest. I am hoping to get some feedback on a few things:
We are planning to make these purchases this year with the aim of achieving some consistent growth into the future and these will be long term holds. We will be taking 90% loans and are happy to spend upto $600k depending on the type of property.
The 2 options we are considering are:
a) 2 x townhouses/villas at a combined value of $600k (To expose ourselves to 2 markets and maximise the borrowing capacity we are comfortable with atm) The areas we are considering are a combination of Redcliffe Peninsular/Boondall and Beenleigh/Eagleby/Mt Warren Park/Toowoomba.
b) 1 house at a max value of 450k (A max amount that we are comfortable spending on one property) Redcliffe Peninsular, Boondall.
Im happy to provide more specific info Re: the options above if needed.
How do people think these options would perform over the long term?
Any suggestions of good/bad areas in the above suburbs and things of particular interest (to an investor ) I should check out whilst visiting?
Also, if anyone is free and wants to catch up when i'm visiting to offer any specific advice to an area they are familiar with, I'll shout lunch
Thanks in advance,
We are planning to make these purchases this year with the aim of achieving some consistent growth into the future and these will be long term holds. We will be taking 90% loans and are happy to spend upto $600k depending on the type of property.
The 2 options we are considering are:
a) 2 x townhouses/villas at a combined value of $600k (To expose ourselves to 2 markets and maximise the borrowing capacity we are comfortable with atm) The areas we are considering are a combination of Redcliffe Peninsular/Boondall and Beenleigh/Eagleby/Mt Warren Park/Toowoomba.
b) 1 house at a max value of 450k (A max amount that we are comfortable spending on one property) Redcliffe Peninsular, Boondall.
Im happy to provide more specific info Re: the options above if needed.
How do people think these options would perform over the long term?
Any suggestions of good/bad areas in the above suburbs and things of particular interest (to an investor ) I should check out whilst visiting?
Also, if anyone is free and wants to catch up when i'm visiting to offer any specific advice to an area they are familiar with, I'll shout lunch
Thanks in advance,