Fishing for property in Brisbane!

[Joker91]

I was wondering if any one on here has any knowledge on the Brisbane property market, and was able to help me out with information to enter the market.

I hope the rest of yous are taking advantage of this beautiful day and are out on the water, while the rest of us are stuck in an office :water:

Cheers joker

[Boonanza]

Why are you looking at Brisbane mate?

[Joker91]

Well Brisbane is closest city to follow Melbourne and Sydney, as is yet to experience that boom I guess.

I would much prefer to buy in Melbourne but for a decent location and property you'll be looking at 500plus

[4liters]

I'd hold off for a little while, with the uncertainty in China and the banks raising (or about to raise) interest rates we could be at the top.

[bowl]

Not sure about Brisbane.
But i have investment property in Geelong,for me its the percentage of rent return you get that's a bug factor.

[Joker91]

What do you consider a 'little while'?

I thought about geelong before but never pursuit it. So how is the market for geelong ?

[bowl]

We bought in 08 n then turned into investment property in 10...worth roughly 60 k more then what we payed .in o8 rent for area was around 130....from when we started renting it been getting $ 210 plus a week.

[matt1991]

Property will never slump to a ridiculous low, it may drop 30k but in another years time the loss will re-accumulate itself.

Melbourne is set to be more expensive then Sydney in the coming years, i would focus your investment within Melbourne if you can afford it.

[ncr1]

Down similar lines to what bowl was saying, there are two things to consider in property investment - rental yield and capital growth. Some properties will provide higher rental yield than others, but their asking price doesn't go up as much, and vice versa.

And I wouldn't wait for the market to improve. Yes, there is a lot of talk that the 'boom' is over, but that just means that capital growth slows, but doesn't stop - i.e. unless there is an absolute catastrophe, prices will generally still go up in the right areas, boom or no boom.

[Joker91]

So what are some of your opinions on ideal suburbs to invest in. I don't mind if the house requires a bit of TLC and price range would ideally be around 350-400 (I would prefer to keep it closer to 350 but will move up if it's needed)