Brisbane in twenty years
MH7604261 said:
Hi Guys,
Just joined so here goes my first question to you guys who know alot :
I live in Melbourne, but think that Brisbane will be a better bet over the next say 20 years.
Without flying up there 3-4 times to check out properties, attend auctions, what is the best way to do all your research when you can't be there in person yourself?
Can I really just go off web sites, then contact the agent and make a bid?
Interested in your thoughts
Firstly, Welcome to the forum!
I'm guessing that by a 20 year period, you mean looooong term,
Yep nobody own's the crystal ball
So your guess could be as good as anybodys!
Having said that, I'm assuming you are passing judgement along with lottttts of research.
If you do desire to purchase interstate, other factors may pay into your purchasing plans.
Yes, you can buy off the net...establish a good relationship with the RE agent and get a property without ever seeing it. But how will that sit with you mentally, will U worry at all?
On the other hand you can fly up, finalise your research, and still be be worried.
We are Melbournians as well, and have purchased in Queensland both ways.
Our criteria was proximity to the beach, so it was a different set of circumstances.
We had made several trips up north, including NSW for years without purchasing, and when we felt comfortable with a chosen area we actually bought three and and done the conveyancing ourselves.
The next purchase was Townsville, site unseen, My wife has been there, to orchestrate some repairs and maintence issues, but the rental returns were enough to let me sleep well at night. She didn't fly up until after settlement and basically it was a dual trip for final inspection on the previous property.
The real estate agent even organise the local solicitor.
In fact we probably have a better working relationship with that RE Agent, than the other two we deal with.(We're treated as No 1.)
This is probably more by luck than planning so you will need to shop around
You can have an agent bid for you, and even keep in contact via phone during the auction. Personally I'd rather attend, that way you can sense if there are genuine buyers, and not paying an overinflated price.
If you are just starting off... Do you research locally first, or in conjucntion with the Brisbane research, that way you'll know what questions to ask
and will be less likely to be mislead.
LOL
Timm