Bruce,
I was over there over the hols and saw a new 2-lane road that has just been opened (previously 1-lane). Locals are raving about it and claim it halves the travel time to the city. Prices seem to have crept up already but are still lower than surrounding suburbs.
Question is “Is a $300/wk rent on a $270K investment with potential for strong capital growth good enough?” Any advice?

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The only ‘new’ road I know out to the Gap is a little repair job on a bridge on Waterworks Road that was being worked on from September to December. The traffic is still atrocious during peak hour.

Nevertheless, the suburb is a leafy one close to the city with some nice homes, and maybe some agents feel it is undervalued relative to its aesthetics.

Bruce
Mooloolaba, Qld

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