Hi, i found this site when doing reserch on for property in QLD.
Hopefully someone can help me out.
I am looking at the areas of Morningside, Norman Park, Shorncliffe, Manly or Brighton. Preferably for an older house with character upto 300k my quandry is do i spend upto 300k in the first 4 suburbs or look at a cheaper house in Brighton?
I am looking mainly at capital growth over the next 10-20 years and don’t mind it being negitive geared to much ($50 pw).
Or does anyone have other ideas for QLD. I am based in Melbourne and don’t have much knowledge of the areas.
Thanks in advance.
Chris[?]Chris,
By way of qualification, I have several older style properties in Qld. I think 300k sounds alot to pay, maybe these areas have already taken off. My money would be on the cheaper properties in Brighton.I’d aim for minimum 6%return if capital gains is your motive.
MJK
hi Chris
We lived in Brissie for many years and now live in a regional centre a few hours away. The word is, that property prices have peaked (for now) in Brisbane and may flatten out a little, so could be a good time to buy. Just try to remember that what sounds cheap to a victorian or new south welshman may not be cheap to a qlder. Do some research on the net to see what similar properties are selling for.
Brighton would be my tip.Thank you both for your replies. I have been concentrating on Brighton as today, but also looking into Birkdale
Chris
You won’t go wrong in Brighton, as the nearby suburbs of Sandgate and Shorncliffe have taken off. All of the northern bayside suburbs are soaring, and Brighton has lagged a little behind. We built last year in Sandgate, and have gained about 45% in value already.
Look into Nundah in Brisbane’s inner north. It has big potential.
“Don’t be afraid to take a big step if one is indicated.
You can’t cross a chasm in two small jumps”. — David Lloyd George.PRD Research tips Jindalee suburb as well. It is near the river.
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