Hey guys,
After reading and following this forum for the last few months I have come to the conclusion that it is probably much easier to find good deals with good chance of CG and CF+ properties in Brisbane.
My situation is I'm 29yo, I have low capital (About $60-70k) and I'm on about $95k salary.
I want to get my first investment property and I'm currently living in my parent's IP which I am paying off their mortgage for. So currently I do not have any debt under my own name.
My goal is to accumulate at least 1 property per year that has strong prospects for CG and is not going to cost me much to keep, so CF neutral or positive would be desirable.
My budget would be in the 4-500k mark. I would like to be as close to the CBD as possible, train station proximity is desirable and obviously I would like a good probability of some solid capital growth.
I was just wondering which suburbs you guys could recommend that would provide properties that meet my criteria?
I note many on here saying buy a decent size block, well what is a decent size block in these areas? 600m2? 700?
Also because I'm in Sydney I do not have local knowledge, I'm planning on engaging a buyers agent. I know there is another thread about BA in Brisbane, but can you guys tell me how their fees are charged? And will they be able to negotiated good deals (below market value etc) and will they be able to provide me advice on whether properties are a good investment or not?
Cheers guys any help would be greatly appreciated.
After reading and following this forum for the last few months I have come to the conclusion that it is probably much easier to find good deals with good chance of CG and CF+ properties in Brisbane.
My situation is I'm 29yo, I have low capital (About $60-70k) and I'm on about $95k salary.
I want to get my first investment property and I'm currently living in my parent's IP which I am paying off their mortgage for. So currently I do not have any debt under my own name.
My goal is to accumulate at least 1 property per year that has strong prospects for CG and is not going to cost me much to keep, so CF neutral or positive would be desirable.
My budget would be in the 4-500k mark. I would like to be as close to the CBD as possible, train station proximity is desirable and obviously I would like a good probability of some solid capital growth.
I was just wondering which suburbs you guys could recommend that would provide properties that meet my criteria?
I note many on here saying buy a decent size block, well what is a decent size block in these areas? 600m2? 700?
Also because I'm in Sydney I do not have local knowledge, I'm planning on engaging a buyers agent. I know there is another thread about BA in Brisbane, but can you guys tell me how their fees are charged? And will they be able to negotiated good deals (below market value etc) and will they be able to provide me advice on whether properties are a good investment or not?
Cheers guys any help would be greatly appreciated.