I live in the northern suburbs of qld and look mainly at the larger towns up north, As far as the islands are concerned, i heard that the morgage insurers dont like you borrowing more than 80% for a property on a island. I could be wrong but there was some reason against it.[]
Talking about the Logan area in Brisbane, I bought my first home there 7 years ago and paid $110,000 had to move for work 4 years later and sold for $98,000. (crestmead was suburb) looking on the internet prices are around $140,000 – $180,000. Just watch the areas though there are a lot of commission area’s there and not far from Woodridge (not a good place when i was there) I now live on the northside at Mango Hill, (between kallangur and redcliffe peninsula) 3 years ago we paid $160,000 for a brand new 25 sq house which we could now sell for $300,000. capital growth seems to be good here, but i do agree that its hard/impossible to find a possitive geared property in any suburbs of any major city.
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