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Thanks Elliot. That's good enough mate. Yeah I do subscribe to 3 magazines on Property & Mortgage. They do have some very helpful information. But most of the times they tend to focus on what they call 'hot areas'. These area in my opinion are ares which have already peaked.
Information from individuals who have actually lived in those areas of interest is of great value.
Good to hear that your folks are getting some cash flow from their property in Bracken Ridge.
From your knowledge of that suburb, are there any particular sections/parts you would recommend or otherwise? Are there any new housing estates currently being developed out there?
I consider the house prices in bracken ridge to be fair compared to those closer to the city.
I am also of the opinion that these areas will benefit a great deal from the new bypass and Gympie arterial on the other side.Mark, your post makes some interesting reading. You will be surprised to find out how much we share in common. Thumbs up to this forum. I work and live in Moranabah too. I am researching Brisbane 's northern suburbs too, Chermside, Zillmere etc. I think we should arrange to catch up and share a few ideas.
I am happy to hear that you are content with the things are going in your cattle venture, and congrats on the truck.
Brisbane was the are I was looking at until this broker came to me with all these estates sprouting in Townsville. And I will admit they look appealing. Land in Townsville is going at a song compared to Brisbane. Unfortunately I failed to realise any robustness in the TVL market. Brisbane is undoubtedly where the action is. I wouldn't mind considering TVL for a second property.
Do you know BNE very well yourself? What areas would you recommend? My budget is around 380-420K. Not many people on this forum talk about QLD. there is more focus on Victoria and NSW. Would yo be able to recommend any forum or site I can look at ref. Brisbane.
What do you think of places like Gladstone, Bowen, Chinchilla? I am trying to stay away from areas which rely on one particular project or industry.
Once again thanks for your time and willingness to share your knowledge.
"Thousands of candles can be lit from a single candle, and the life of the candle will not be shortened.
There is no delight in owning anything unshared"Thanks Hales. I do agree with you to a great extent. The rate of return on investment in townsville doesnt look appealling.
I am not considering the appartment market. Irregardless, I am still of the opinion that there is countless numer of housing estates being developed along and aroud the Bruce Highway all the way from Mount Louisa to Bushland Beach. Same applies on the Douglas/Kelso side of town.
I have a block on hold in Montana Estate, Mt Louisa. I have to make a decision on it before April. Price Range $380k-$450k. As my first investment, I was hoping to go land & house package, with the hope of making a saving on the Land Tax and depreciation. Thats the reason why I ended up ignoring Kirwan, Aitkenvale etc.
I will be visiting Townsville in a week' s time. Unless someone convinces me otherwise, I will resort back to my initial focal area, thus the Norther Suburbs of Brisbane, between Gympie arterial road and the Bypass. Thats around Bracken Ridge. I am of the opinion that I will get better returns down there.
I am looking at investing in Townsville but am not too sure if I am on the right track. First time investor. I am considering Mount Louisa & Douglas. My preference is land & home package. My biggest concern is the vacancy rate. My research also shows that there is much housing development currentlt taking place in townsville. I am afraid this will lead to an oversupply of housing stock in townsville therby pushing down rentals & price growthand sending vacancy rates through thr ceiling.
Yes there is talk of an army battalion being relocated Townsville in 2012, the university, tourism and general adiminstration business. All this in my opinion is not strong enough to fuel growth and demand above the supply rate.
Are there any people out there who have any experience with Townsville or some valuable information to share.
