There are a lot of property investment options in Brisbane, but how do you pick the best for your budget?Successful property investment is all about analysing a big haystack of homes, then choosing the right 400-square-meter needle of dirt to make your own.The starting point should be assessing how much you can actually afford to invest.We asked director at Property Pursuit Buyers Agent, Meighan Hetherington, for her guide on where and what to buy once you know your budget.Ms Hetherington said she’s whittled down her list of Brisbane addresses from a large pool.“There are 189 mainland suburbs in Brisbane (in total). There are 58 that sit on our ‘investment grade list,’” she said.But panning through the slurry to find the gold requires an investor to understand their finances, and be willing to play the waiting game.“Brisbane is very much a market for people who have a long-term, 10-plus-year view of investment property,” Hetherington says.With this outlook in mind, here are her hot picks to help you one day crack a very expensive brand of bubbles reserved only for really, really clever real estate investors. $450,000 Ms Hetherington said this price point is first time investor territory, and some of them don’t even own a home yet.“They’re looking at investment as a first vehicle to get into the property market — their home will come later.”The REIQ’s latest statistics indicate the median price for houses within the Brisbane City Council area sits at approximately $650,000. Armed with this little bit of knowledge, it would appear tough to located a suitable investment. Ms Hetherington’s advice is to look little further away from the CBD in a low-density area like Keperra.“A lot of older housing commission style houses — older post war design houses that are slowly starting to be renovated. It’s got a train line and a shopping complex in the area and it’s a suburb that’s slowly starting to gentrify.” Keperra housing offers great potential. Photo: Mark CallejaFor a similar budget, Ms Hetherington said you could also consider a townhouse in Holland Park or Kedron.“A two-bedroom townhouse that has a lockup garage and a single bathroom. These suburbs don’t have high density unit complexes and there are not a lot of new townhouse complexes being built.” $650,000 Hetherington said this amount is often available to those looking for a second property.More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours ago“Perhaps they have a home that they have built some equity in,” she said.“They’re looking for more of a quality location than an entry-level location. It’s not their first time in the market.”She said a two- or three-bed freehold town home in somewhere like Wilston or Paddington would prove investor savvy.“They’re harder to come across but tend to do quite well from a growth point of view.”“Or perhaps a house … my pick at the moment would be an area like Mitchelton.”Ms Hetherington said a tidy three-bed house on up to 600 sq metres with future value-add potential would fall within your means at this price point.“An entry level house in Holland Park — it might need a little bit of work to bring it up to a good rental income — or Camp Hill would be another pick.”Ms Hetherington said it’s a good idea to watch the progress of new infrastructure and time your purchase. For example the Eastern Busway could prove a boon to Camp Hill once its new stop is established, but buy while the works are underway rather than joining the throng trying to get in once the construction is over. $900,000 Hetherington said at this end of the budget, investors are free to avoid attached housing all together.“I wouldn’t be looking at any units or townhouses in the $900,000 range.”She recommends looking for desirable, near city suburbs where there are properties with sweat-equity potential.“I have a strong belief Paddington is undervalued given its proximity to the city, its lifestyle aspects and its transport.” So many great investments in Paddington, but which is best? Photo: Jake ChurchesShe said look for a three-bedroom home in need of some TLC. It could be as minor as a coat of paint and new floor coverings.Ms Hetherington also likes Ashgrove. It has charming character homes and property is tightly held in this family suburb.She also recommends checking out Yeronga but points out that the Yeerongpilly Green project has a number of years to run and this could impact short term price gains in Yeronga.