Hi All,
I purchased my first investment property in Brisbane before 5 months. I am now ready for my second property. I had paid 20% deposit for this property, prices haven't moved much since I bought so don't plan on using the equity. I have deposit of 100k so looking to use that, Hence looking for property around 500k,
First property is nearly neutral CF, I am looking for second property with more CG potential hence can accept some negative CF on this. I am still at broad level of comparing locations. At this stage my thinking is leaning towards Gold coast\Melbourne\Adelaide. Gold coast and Adelaide is on list considering the position on property cycle with both having potential to rise but timing not sure. Melbourne is a rising market and not as ridiculous as Sydney yet hence thinking of this as well. Ruled out Perth has have got some time with Perth hence will target this for 3rd property. From what I have heard so far, people are not prioritising Adelaide so much as it moves at slower pace compared to others.
I am still open to any other location. Can you all please help me with the process of narrowing this down and share your thoughts on this. Thanks for your help.
Cheers
AVS
I purchased my first investment property in Brisbane before 5 months. I am now ready for my second property. I had paid 20% deposit for this property, prices haven't moved much since I bought so don't plan on using the equity. I have deposit of 100k so looking to use that, Hence looking for property around 500k,
First property is nearly neutral CF, I am looking for second property with more CG potential hence can accept some negative CF on this. I am still at broad level of comparing locations. At this stage my thinking is leaning towards Gold coast\Melbourne\Adelaide. Gold coast and Adelaide is on list considering the position on property cycle with both having potential to rise but timing not sure. Melbourne is a rising market and not as ridiculous as Sydney yet hence thinking of this as well. Ruled out Perth has have got some time with Perth hence will target this for 3rd property. From what I have heard so far, people are not prioritising Adelaide so much as it moves at slower pace compared to others.
I am still open to any other location. Can you all please help me with the process of narrowing this down and share your thoughts on this. Thanks for your help.
Cheers
AVS