Good morning and happy day after Christmas to you all.
I've been reading the forum for some time and decided to introduce myself and get some thoughts on the Brisbane market.
PPOR - 2 bed house Tarragindi, Brisbane
IP1 - 3 bed house Mount Gravatt, Brisbane (settled 12/12/14)
We are about to start organising our finances for our second IP purchase and will stick to Brisbane given the forecasts for the next 24 months. I believe we will have around 550k to play with but we're undecided about our next step.
Our strategy is buy and hold for CG and prefer properties where we can add value with minor renovations but that the rentable straight off the bat as reno's will be done down the track.
So, what would you do with 550k in the Brisbane market? I appreciate your thoughts!
I've been reading the forum for some time and decided to introduce myself and get some thoughts on the Brisbane market.
PPOR - 2 bed house Tarragindi, Brisbane
IP1 - 3 bed house Mount Gravatt, Brisbane (settled 12/12/14)
We are about to start organising our finances for our second IP purchase and will stick to Brisbane given the forecasts for the next 24 months. I believe we will have around 550k to play with but we're undecided about our next step.
Our strategy is buy and hold for CG and prefer properties where we can add value with minor renovations but that the rentable straight off the bat as reno's will be done down the track.
So, what would you do with 550k in the Brisbane market? I appreciate your thoughts!