Brisbane investors should buy blue chip: Herron Todd White

Brisbane investors should be prepared to outlay enough to buy a blue-chip investment if they wish to take advantage of a looming property recovery, according to Herron Todd White.

Brisbane’s fundamentals are strong but it’s real estate is still affordable, Herron Todd White says in its latest report.

“If history is set to repeat, than it would be fair enough to think we might start to see some reasonable growth going into 2014, particularly as the election will be well and truly behind us,” it says.

The report advises investors to look at properties as blue chip as possible.

“We realise this can be a little bit tough when the kick-off price for property in a suburb like Paddington now sits mostly over $700,000, but maybe now is the time to aim for true entry level in good locations,” it says.

“Stay as close as you can to town and try to be near great lifestyle facilities. Once you’ve found your favoured locale, check the budget and buy the best quality property you can afford.”

Those with slightly less to invest should be looking at second hand units near city locations away from busy roads and train lines.

They are usually quite big and any dodgy floor plans can be easily changed.

“If you have $350,000 to $400,000 there is most defiantly something out there for you in this sector. The great thing is these properties makes terrific starters for first home buyers.”

First home buyers are advised to buy these properties then hold on to them when they buy again.