We're looking at two more properties at the moment . Grand total around 1 mill.
Going into super fund . Not looking for land banking , splitters etc . Not looking for " Cash flow specials " in cheapie areas . Just good properties in nice areas. Not 4 - 5 in logan for same price .
Something that would benefit from a refurb later on would be ok . Would be generally avoiding new places.
Because it's going in Super fund , this will be a long term buy and hold , so from that perspective , timing isn't as critical .
We already have a good exposure to the Sydney market ( two houses , 4 units ) , but can buy one more without getting to the land Tax threshold , but the market is silly at the moment . Latest one we're interested in has 16 contracts out after the first open and the price ( offers over sub 500) already has an offer 55 K over the " offers over " price .. We are still interested in it as it has a twist but we'll see what happens . Bottom line , for a " nice " property , the chances of getting a really " good buy " are small.
We are planning on buying at least one in Brisbane , but the option is to buy two up there. From what I can see Brisbane isn't any where near as hot and the chances of picking up a " good buy " are better .
Any thoughts on where in Brisbane would you look ?
Cliff
Going into super fund . Not looking for land banking , splitters etc . Not looking for " Cash flow specials " in cheapie areas . Just good properties in nice areas. Not 4 - 5 in logan for same price .
Something that would benefit from a refurb later on would be ok . Would be generally avoiding new places.
Because it's going in Super fund , this will be a long term buy and hold , so from that perspective , timing isn't as critical .
We already have a good exposure to the Sydney market ( two houses , 4 units ) , but can buy one more without getting to the land Tax threshold , but the market is silly at the moment . Latest one we're interested in has 16 contracts out after the first open and the price ( offers over sub 500) already has an offer 55 K over the " offers over " price .. We are still interested in it as it has a twist but we'll see what happens . Bottom line , for a " nice " property , the chances of getting a really " good buy " are small.
We are planning on buying at least one in Brisbane , but the option is to buy two up there. From what I can see Brisbane isn't any where near as hot and the chances of picking up a " good buy " are better .
Any thoughts on where in Brisbane would you look ?
Cliff
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