Hi Everyone,
I just had a few questions that I wanted to get some opinions on.
1) I currently have a property in Redbank, QLD and I am currently looking for my next investment property. Firstly, do you think Redbank will achieve on average at least 5% or greater annual growth for the next 5 years or a different growth rate percentage based on the suburb's position in the property cycle.
2) My second question is where you think out of the following suburbs I should invest in for my 2nd investment property: (Redbank/Ipswich area again), Logan, Elizabeth (SA), Hackham (SA), or Melton (VIC). For my first few properties, I would like to buy in suburbs which have both a relatively good rental yield and good short to medium capital growth prospects so I can leverage into more property to build my portfolio. Therefore do you all think I should buy again in South East Queensland and then in 2 or 3 years to begin purchasing in either Elizabeth and Hackham. Or do you think I should diversify my portfolio ASAP by making my next purchase in Elizabeth or Hackham. The reason I ask this is because I am not sure whether Elizabeth and Hackham are rising markets at the moment or they are still a while way (i.e. 5 years) from their main growth period. Or should I purchase again in either Ipswich or Logan areas as growth is tipped to be great there still for the next few years.
I just had a few questions that I wanted to get some opinions on.
1) I currently have a property in Redbank, QLD and I am currently looking for my next investment property. Firstly, do you think Redbank will achieve on average at least 5% or greater annual growth for the next 5 years or a different growth rate percentage based on the suburb's position in the property cycle.
2) My second question is where you think out of the following suburbs I should invest in for my 2nd investment property: (Redbank/Ipswich area again), Logan, Elizabeth (SA), Hackham (SA), or Melton (VIC). For my first few properties, I would like to buy in suburbs which have both a relatively good rental yield and good short to medium capital growth prospects so I can leverage into more property to build my portfolio. Therefore do you all think I should buy again in South East Queensland and then in 2 or 3 years to begin purchasing in either Elizabeth and Hackham. Or do you think I should diversify my portfolio ASAP by making my next purchase in Elizabeth or Hackham. The reason I ask this is because I am not sure whether Elizabeth and Hackham are rising markets at the moment or they are still a while way (i.e. 5 years) from their main growth period. Or should I purchase again in either Ipswich or Logan areas as growth is tipped to be great there still for the next few years.