Redcliffe is great!

I have a unit up there which I picked up three years ago for $260k (current market value circa $300k). I have a long-term tenant in there who is currently paying $300/week (that's a 6% gross yield). Irrespective of there being no rail line in Redcliffe, there is talk of there eventually being one. However, whether that comes to fruition or not is another story. But the big plusses that Redcliffe had going for it are:-

1. A very strong and vibrant cafe/restaurant precinct. The area is quickly becoming very "yuppy".
2. BEACHES – Brisbane is not renowned for it's beaches…..however, Redcliffe has the best beaches in Brisbane that's a fact. In fact, it's the closest patrolled swimming beach to the Brisbane CBD.
3. The Hornibrook Bridge connects the Redcliffe peninsula to the rest of Brisbane. This bridge currently is being duplicated with it being completed in 2010. What this means is that the time it's going to take to get into the city and to the Airport is going to be drastically reduced.
4. Finally, given the Hornibrook bridge upgrade, there is the option of driving to Shorncliffe Railway station where they can catch a train into the city.

Go Redcliffe – it's an excellent part of Brisbane and well worth investing in!