Hi,
I’m a newbie and after doing some research on the Brisbane, Queensland area, I’ve decided that I would like to start investing in Chermside. I’ve chosen this suburb because it’s relatively close to the CBD, brisbane airport and has about 3 shopping centres close by. Median House prices (obtained from http://www.realestate.com.au) are AU$255,375 so it’s not as expensive as other areas, but i do agree that it’s also not very cheap. The median change for the past 12 months have been +21%.
I’d just like to ask other investor’s of there opinions of Chermside, just in case I’ve missed out in something that would not make the area not desirable. Also, if anyone is investing in the Brisbane area where do u think is a rather good place to start investing? Thanks a lot for your assistance!!!
James
James, those prices are not that cheap, but as you say it is relatively close to things< i guess i would consider what your goals are?
Property at that price….rental return? Growth? both
Chermside was never a great place, but Logan isnt either. It certainly didnt have a bad name like Goodna or Red Hill…choice is yours really, but check out the rent you might hope to get, and council rates…other bits you need to make an informed choice, if the properties have risen that much, is there much more room in the short term? Maybe there is an area 5 more mins away? A few mins more means not much in time for people, but a few dollars more in rent, or in loans or purchase price can affect youyr lifestyle
Elves
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