Hello Investors, I am looking at investing in Eagleby Qld. I know its half way between the Gold Coast and Brissy and it is close to the train line and shops. Is this a good place to invest for future capital returns. From my calculations there are some positive cashflow properties available, and the rent averages around $200 to $220 dollars. If you can provide information it would be much appreciated.
Kanga
Eagleby is certainly in the Gold Coast corridor and in Albert Shire.
Upto a couple of years ago you could easily purchase a property for less than $85K and property wouldn’t have wanted to anyway.
Now a days prices have doubled and in February Eagly recorded its first sale over $250K.
There are still plenty of areas of Eagleby I wouldn’t buy as the crime rate is high and the type of tenant you get maybe dubious.
Talk to a couple of good real estate agents covering the area. Can recommend Professional at Beenleigh.
If you get that far and need a lawyer in the area with maximum experience in conveyancing PM or email me.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
I may be hard to find a positive cash flow property in Eaglebly QLD. Depending on what you are investing in – House , Unit etc.
Appears the average price there now is $190,000
Rent you say is $200The sums don’t add up as positive cashflow to me.Are you after Capital Growth Returns of positive cashflow.
David
It seems that we are about 18months too late for Eagleby. Possibly need to look further out.
Lachlan.Hi Kanga
One of the ways that I check out an area is using local newspapers. Here is a link to one that covers the Albert Shire( where Eagleby is)http://www.questnews.com.au/al/profile.html
Hope it helps
[bigeyes]Originally posted by asdf135:Hello Investors, I am looking at investing in Eagleby Qld. I know its half way between the Gold Coast and Brissy and it is close to the train line and shops. Is this a good place to invest for future capital returns. From my calculations there are some positive cashflow properties available, and the rent averages around $200 to $220 dollars. If you can provide information it would be much appreciated.
Kanga
Eagleby is close to Beenleigh. About 18 months ago I received 100% return on my investment in that area, which I have since sold. I’m not sure that there are large returns to be made currently in that area. It is predomiantly an ex housing commission area which is having a fair amount of improvements happening to it as well as land releases and new areas opening. Like all investments do lots of homework.
Achiever
Thank you all for your help, if anyone else has info on Eagleby, please add your info it is much appreciated. Once again thank you all.
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