Hi All.
So after a few months I've narrowed down my goal and have a good idea what i want to achieve by years end.
I have, currently saved up
60k Cash
30k in shares
I'm looking specifically for properties within the 10-15 range from the CBD of brisbane. Looking primarily at CG and am happy to negative gear for a little. Immediate goal is 1 property by end of FY and a second one by end of the calendar year. I'm weary of getting too close to the CBD as supply could outstrip demand in the coming years but that again is speculation.
Suburbs I've narrowed down are
Mount Gravatt east - House
Coorparoo - Unit
Common sense would dictate I should also look at surrounding areas/neighboring suburbs so i'll keep eyes open and keep researching.
Looking to keep costs around 450k or lower.
I'm not local nor have i ever visited Brisbane in my 28 years so i'm heading up there next Saturday for the day to check out some open houses and also get a general feel for the suburbs i'm keen on and a feel for the city. (be keen on meeting some folks up there too - free coffee my shout :)!! )
2 questions
Am i on the right track? should i be looking at other suburbs also given what i seek to achieve?
Have i missed the ship on any of these suburbs?
So after a few months I've narrowed down my goal and have a good idea what i want to achieve by years end.
I have, currently saved up
60k Cash
30k in shares
I'm looking specifically for properties within the 10-15 range from the CBD of brisbane. Looking primarily at CG and am happy to negative gear for a little. Immediate goal is 1 property by end of FY and a second one by end of the calendar year. I'm weary of getting too close to the CBD as supply could outstrip demand in the coming years but that again is speculation.
Suburbs I've narrowed down are
Mount Gravatt east - House
Coorparoo - Unit
Common sense would dictate I should also look at surrounding areas/neighboring suburbs so i'll keep eyes open and keep researching.
Looking to keep costs around 450k or lower.
I'm not local nor have i ever visited Brisbane in my 28 years so i'm heading up there next Saturday for the day to check out some open houses and also get a general feel for the suburbs i'm keen on and a feel for the city. (be keen on meeting some folks up there too - free coffee my shout :)!! )
2 questions
Am i on the right track? should i be looking at other suburbs also given what i seek to achieve?
Have i missed the ship on any of these suburbs?
Heading up to brisbane in two weeks :)
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