The market is hot all across Australia, but that doesn't always make it easy when deciding on where to put your hard earned money. Do you go for something with future capital appreciation or do you buy in to a suburb that has already peaked and is earning top dollar? We have prepared some options of where you can put your money in capital cities across Australia.
Which would you prefer?
1. $800,000 apartment in the heart of Toorak.
2. Victoria. $650,000 + corner block in Sunshine.
Whilst both have some upside, you need to ask yourself, are you a person wanting comfort and luxury now or are you willing to wait for potential capital appreciation. Sunshine has been touted as the suburb next to boom in Melbourne for a while, so a property like this could have huge value even if you didn't redevelop it yourself. On the other spectrum, Toorak offers Melbourne's most sought after address. Which one would you take?
NEW SOUTH WALES
1. $1.2 Million for Bondi Beach living.
2. $1.2 million for a family entertainer in Castle Hill.
The tradeoff comes in lifestyle, Bondi appeals to the surf lovers who love to be apart of the action and glamour that Sydney has to offer. Moving out to Castle Hill will be a little more subdued and more appealing for the family's out there. Which one would you pick, the flashing lights of Bondi or the family home?
1. $1.385 Million for a Surfers Paradise apartment right on the beach.
2. $1.3 Million for this 8 apartment complex in Nundah.
The Gold Coast's iconic beaches are one of the major drawcards for anyone visiting Australia, so living here could be one of your dreams. The trade off by living in this position is the space will be a little smaller. The alternative view is to buy yourself a complex with huge redevelopment potential such as this 8 apartment complex currently on the market.
1. $1.1-1.2 Million for a beach side pad home in Glenelg East.
2. $1.2 million for this spacious architectural masterpiece in Crafers West.
Crafers West provides some of the most spacious and natural living in SA, but it will be rather isolated there. It comes down to what lifestyle you want to live, the Glenelg home would be hard to go past with its spacious design and great position.
So what would you go for?
There are so many options when it comes to picking the right house. Make sure you analyse before any purchase, what it is that you want out of the home and lifestyle. Do you want some space and a place to move around, or are you wanting to be in the buzz of all the action. These decisions will go a long way in helping you decide what is best for you and where you should spend your hard earned money.
About the Author:
Todd Schulberg handles all things marketing for Homely.com.au - Living and breathing property, Todd has a keen interest in the movements in the market and how agents can utilise new tools and technology in order to be more connected. Using all things social, Todd suggests different ways that agents can engage and think outside the square with their marketing approach.