Where to Buy Investment Property with Limited Budget (under 500k) ?

Lbrissybargainers on 30/12/2019 - 22:36

Hey guys, which area/suburb do you think would be a good option to buy investment property with under 500k budget? I want to find a place that is cash neutral/slightly negatively geared but with capital growth potential. Open to all locations in Australia.

Financial

Comments

  • Agarwal on 30/12/2019 - 22:50
    +6

    Adelaide somewhere

  • whooah1979 on 30/12/2019 - 22:52

    Try WA.

    • deme on 31/12/2019 - 00:21

      Why?

      • whooah1979 on 31/12/2019 - 01:10

        Plenty of cheap properties.

        • deme on 31/12/2019 - 07:40
          -2

          So? He wants an investment. Will they grow in value?

          • joungs on 31/12/2019 - 08:13

            @deme: Long term, probably? Isn't Perth's population slated to double in the next 30 years

  • kipps on 30/12/2019 - 22:52
    +3

    Member Since
    21 min ago

    Welcome to the group.

  • askme69 on 30/12/2019 - 23:28
    +2

    Capital growth.

    That horse has long bolted. Unless you and a million others continue to enter at the bottom and feed the beast. Which as we all now is not possible to continue.

    It will Capital losses from now on.

    • SelfMade on 31/12/2019 - 09:14
      +1

      People thought the same way decades back and will continue to think the same way decades into the future whilst prices will continue to rise the same way it always has in the long term.

      • ihbh on 04/01/2020 - 12:38
        -1

        Nope, see my reply below.

    • ihbh on 04/01/2020 - 12:37

      Correct. There is only one way interest rates will head in the long term… up, which will make holding real estate much harder.

      Just compare Aus price / income vs other countries to see how over priced it is.

  • horice on 31/12/2019 - 00:28

    Oh Flap
    Another one

  • jonagrah on 31/12/2019 - 07:21
    +2

    North Eastern suburbs of Adelaide. You'd be able to find a relatively new, low maintenance property.

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