Well, apart from a few places that are still under contract, the only house in Canungra currently advertised under $400,000 seems to be a house and package, not a pre-existing house (It states “From $395,000”. That’s if there’s any left at that price, I suppose. http://www.realestate.com.au/property-house-qld-canungra-123670534). Apart from that,…[Read more]

Just as an update to my previous post, a few properties recently came on to the market in Canungra for under $400,000. They were sold fairly quickly. Only 18 houses there for sale and not under contract at time of writing, according to…[Read more]

Just as an update to my previous post, a few properties recently came on to the market in Canungra for under $400,000. They were sold fairly quickly. Only 18 properties there for sale and not under contract at time of writing, according to…[Read more]

You make some valid points there. I should have restricted my statement about there being a severe shortage to clarify that I mostly meant the low end of the market. I was mainly talking about your standard house on a small block of land, not acreage, and not luxury. Even including those though, there seems to be less for sale than usual, and…[Read more]

Canungra looks like it has a severe shortage of houses for sale at the moment, particularly at the bottom end of the market. At time of writing, they have 30 houses for sale, and 7 of those are under contract. Only one of those still not under contract has a price under $400,000. Supply and demand… Looks like a solid area with rental demand.

Beenleigh seems to be doing ok but seems in a bit of a lull at the moment. I hear there is infrastructure planned there, including a new shopping centre with a cinema, according to the internet (http://gassman.com.au/projects/era-beenleigh/ and…[Read more]

Let’s say they don’t present the offer. What recourse do you have?

Thanks man! Meant to reply sooner but became sidetracked!

I take the valuations of net based research tools with a grain of salt. Don’t know what algorithms they use, but they’re definitely inaccurate on some I’ve looked at. They are useful for sold prices and dates though.

Just my thoughts; obviously seek professional advice etc…

Maybe check out Logan. Beenleigh is doing ok but seems in a bit of a lull at the moment, and I hear there is infrastructure planned there. Cafe culture is on the rise, new coffee shops, town square etc. Rates are a bit steep though, and you would need to screen your tenants carefully.…[Read more]

Check out Beenleigh. Seems to be a bit happening in the area.

I think Beenleigh is worth a look. Just my thoughts.

Perhaps of interest:

http://www.news.com.au/travel/travel-ideas/family/new-billiondollar-theme-park-to-rival-dreamworld-to-be-built-by-chinese-developers/news-story/ec83e943b9fc3aae9c50d80689cc5850

http://www.themeparx.com/wanda-group-theme-parks/

I think the Patinack properties changed hands sometime around March 2015, so well before the last 2 months.

Thanks for your response Benny, I appreciate your thoughts!

Check out what houses are selling for before you buy.

Capital gains? Don’t know. Really not sure. I’m hesitant to comment on areas I have not researched. All I can offer is that I think that it will go up eventually, and with a positively geared property you can presumably afford to wait. Does seem currently undervalued though. I mean, I’ve just had a quick look at what they’re selling there. When…[Read more]