Brisbane's WORST Suburbs for 2022: 5 Areas To AVOID for Property Investors In Australia Right Now!
Best and Worst Places to Buy Property in Brisbane
In this video, the speaker discusses the best and worst places to buy property in Brisbane based on price differentials between buying and renting. The speaker uses data from PropTrack to analyze the market.
Sydney and Melbourne
- Sydney has very little opportunity for quick money in property investing.
- There is no suburb in Melbourne where it is cheaper to buy than rent.
Brisbane
Price Differential for Houses
- The price differential for houses shows more red (cheaper to buy than rent) than Sydney or Melbourne.
- However, the red areas are all on the outskirts of Brisbane, not within 30 kilometers of the CBD.
Price Differential for Units
- The price differential for units shows red almost everywhere, indicating that it's cheaper to buy than rent.
- This presents an opportunity for property investors looking to make a profit.
Best and Worst Places to Invest in Brisbane
In this section, the speaker discusses the best and worst places to invest in Brisbane based on rental prices and property values.
Best Places to Invest
- Mount Ommaney, Augustine Heights, Fernvale, Springfield Lakes, and Boronia Heights are great areas for investment due to high demand from owner-occupiers and low rental prices compared to mortgage repayments.
- Mount Ommaney is particularly attractive as it is close to the CBD and has a large number of owner-occupiers. Renting there costs around $1,000 more per month than buying.
- Townhouses can also be good investments provided they are in the right location.
Worst Places to Invest
- Areas with very cheap rent such as Shorncliffe, Tennyson, Eagle Farm, Kilcoy Newport Sange should be approached with caution as most people prefer renting over buying.
- Suburbs like Sandgate Point Lookout Tara Gindi Hendra New Farm have high rental prices compared to mortgage repayments which makes them less attractive for investment.
Factors Affecting Investment Decisions
- It's important not to base investment decisions on one data point but rather consider many factors such as dwelling type (e.g., freestanding houses vs townhouses), location, price trends over time etc.
- The speaker recommends using PropTrack data for further analysis before making any investment decisions.
Conclusion
In this section, the speaker concludes by summarizing the importance of understanding different factors that affect property investment decisions.
Key Takeaways
- It's important to consider many factors before making any investment decisions, including dwelling type, location, and price trends over time.
- The most important real estate is the six inches between your two ears - investing in knowledge and understanding is crucial for successful property investment.