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The message is loud & clear that a house in Kallangur for $428,000 is too expensive. I am going back to the drawing board. Thank once again all my on-line buddies
Thank you Al & Richard for the information. I will have to research this futher.
Thanks Andrew,
Kallangur is 24 Km north of Brisbane & was not effected with the floods, the house & land packages are selling for $428,000 (Bridgeway Estate) and $410.00/wk rent is expected. I think the house is overpriced by about $20,000. As I am going to be a passive investor & because of the oversupply of housing within the suburbs around & do not thing there will be immediate growth But hope with the new rail line going through in 2016 (Petrrie-Kippa-Ring) I am hoping the house will do very well in the years ahead. Can any confirm my thoughts ?
Thank u all for the information it is very useful