Hi Guys,
Been doing plenty of research of late. I am now suffering from analysis drain. I am bouncing around all over the place. Looking for an investment with about 10 year time frame. Willing to spend about 600-650K max for 4 bedroom x 2. Sydney is just too much for what I am looking for unfortunately. Wanted to get one closer to home Caddens, Mulgoa Rise, Waterside etc but they have risen 100K in past 12 months. Have to be peaking soon. Don't want to but at the top done that a few times already and still paying for it now.
Have put some thought into these suburbs in Brisbane, Toowoomba and Cairns
Toowoomba
Highfields ? Strong recent growth consistent performer 4.10% average per year. over last 5 years
Maybe missed the boat and at its PEAK in cycle ? Anything left there now or most of growth gone ?
Cairns
Bentley park 4.95%
Brinsmead 4.9%
I know it is sometimes considered one trick town but It appears to be at the start of its recovery/run according to HTW etc The uncertainty of the Yorkeys Knob Aquis project is on going .
Brisbane
North lakes ? Like the estate, facilities and infrastructure there ?
Bracken Ridge Good Yield
Murrumba Downs
Eatons Hill average 6.60%
Cashmere 6.93%
Warner 5.84%
Forest Lakes 4.70% good yield, nice properties lower entry price
I am not looking at units, townhouses, renovations. Just quality houses ( newish) obviously CAPITAL GROWTH potential main driver. Leaning towards North lakes and Cashmere.
Or Have I got my Brisbane thoughts mixed up ?
As people have said - there is so much opinion out there about what Brisbane is doing, which state is following Sydney/Melbourne if at all. Sometimes you just need to roll the dice and have a crack.
Advice is always appreciated.
Been doing plenty of research of late. I am now suffering from analysis drain. I am bouncing around all over the place. Looking for an investment with about 10 year time frame. Willing to spend about 600-650K max for 4 bedroom x 2. Sydney is just too much for what I am looking for unfortunately. Wanted to get one closer to home Caddens, Mulgoa Rise, Waterside etc but they have risen 100K in past 12 months. Have to be peaking soon. Don't want to but at the top done that a few times already and still paying for it now.
Have put some thought into these suburbs in Brisbane, Toowoomba and Cairns
Toowoomba
Highfields ? Strong recent growth consistent performer 4.10% average per year. over last 5 years
Maybe missed the boat and at its PEAK in cycle ? Anything left there now or most of growth gone ?
Cairns
Bentley park 4.95%
Brinsmead 4.9%
I know it is sometimes considered one trick town but It appears to be at the start of its recovery/run according to HTW etc The uncertainty of the Yorkeys Knob Aquis project is on going .
Brisbane
North lakes ? Like the estate, facilities and infrastructure there ?
Bracken Ridge Good Yield
Murrumba Downs
Eatons Hill average 6.60%
Cashmere 6.93%
Warner 5.84%
Forest Lakes 4.70% good yield, nice properties lower entry price
I am not looking at units, townhouses, renovations. Just quality houses ( newish) obviously CAPITAL GROWTH potential main driver. Leaning towards North lakes and Cashmere.
Or Have I got my Brisbane thoughts mixed up ?
As people have said - there is so much opinion out there about what Brisbane is doing, which state is following Sydney/Melbourne if at all. Sometimes you just need to roll the dice and have a crack.
Advice is always appreciated.