New to Brisbane and new to Property Investment

[Herman Cronje]

Good Day,

My wife and I recently moved from South Africa to Brisbane, Australia and are in our mid 20's. We are currently renting a small apartment in the city and want to start using our money more wisely. At the moment we do not know if we should keep on renting and buy an investment property to rent out or should we first buy a new home for us to live in before you can start with an investment?

We are very new to this world and have never bought a home before. We have no idea where to start and luckily my research landed me at BiggerPockets.

Where do one start?

Any help or direction would be really appreciated!

Herman Cronje

[Federico Gutierrez]

Hi @Herman

Welcome to the site, I am from Brisbane myself. I lived in Moorooka for a few years.

Obviously you know that the housing prices in Australia are much different and more expensive. It is my opinion you should buy your own place, this will be wisely spent money that goes towards your own home, you will be building equity the longer you stay and more you pay down the mortgage. Saving and renting can be done but it will be a bit harder to say that 10-20% for the downpayment. If you are looking on the North Side I have an agent that could assist you.

Cheers