Vote on CG or Good Buy at Redcliff .vs. Redland

Viewing 9 posts - 1 through 9 (of 9 total)

111111
Participant
@111111
Join Date: 2003
Post Count: 29
August 15, 2003 - 2:20 am
I am comparing 2 bayside areas.
Which one you think is a good buy and also for a goof CG.
Let’s vote on it.
RedCliff
Median House Price ((Mar 03) : 207K
House Vacancy Rate (Mar 03) : 4.31%
Unit Vacancy Rate (Mar 03) : 5.41%
Distance from Brisbane CBD : 28 Km
Transport to Brisbane CBD : 1 hr drive
: No train (can drive to Sangate)
Vacant Land Avaliability : Almost run out
Community : Low base
RedLand
Median House Price (Mar 03) : 247K
House Vacancy Rate (Mar 03) : 1.74%
Unit Vacancy Rate (Mar 03) : 0.55%
Distance from Brisbane CBD : 20 Km (ie. from Wellington Point)
Transport to Brisbane CBD : 1/2 hr drive from Wellington Pt
: 45 min to 1 Hr By Train
Vacant Land Avaliability : not sure (there might be some
vacant land in Redland Bay,
Clevelend, ThornLand ..etc)
Community : More than Low base
(may be median base)
Melanie
Member
@melanie
Join Date: 2003
Post Count: 382
August 15, 2003 - 2:27 am
Which area gets higher rents? Know both from passerby perpective and from ‘feel’ only would go Redland for both CG and rent return.
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Mel
111111
Participant
@111111
Join Date: 2003
Post Count: 29
August 15, 2003 - 2:43 am
Here is the medain house rental.
Reclifee : $190/week
Redland : $210/week
RoyTas
Member
@roytas
Join Date: 2003
Post Count: 2
August 15, 2003 - 2:47 am
As this is my 1st post (this real estate game is very new to me) I am unable to comment on the figures you have mentioned. However, I am hopeful you may be able to tell me where to gain access to the stats on a particular area i.e median house price etc. Is there a website???
Roy
111111
Participant
@111111
Join Date: 2003
Post Count: 29
August 15, 2003 - 2:54 am
RoyTas
You ca get those data from Property Investor Magazine, Property & Life Style (QLD) magazie and also from REIQ as well
Andrew_P
Participant
@andrew_p
Join Date: 2003
Post Count: 11
August 15, 2003 - 2:55 am
If I was to buy and live in I would go for Redclife. Also CG.
If the property would need to be rented at any stage I would go for Redland.
RoyTas
Member
@roytas
Join Date: 2003
Post Count: 2
August 15, 2003 - 3:30 am
Thanks 111111,
Greatly appreciated!
Just looking at the house vacancy rate, I too would go for Redland if your aim is to rent the property out. Also closer to CBD
Cheers
Melanie
Member
@melanie
Join Date: 2003
Post Count: 382
August 15, 2003 - 5:01 am
Hi,
Roy another good source of free demographics data is http://www.realestate.com.au – look under home price guide in the bottom left then use postcode snapshot on the rhs. Doesn’t have rents but has portion lending & loan repayment stats.
Count Redland 3 v Redcliffe 0 ……
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Mel
Dram
Member
@dram
Join Date: 2003
Post Count: 82
August 15, 2003 - 9:16 am
Looking at the vacancy stats and distance to Brisbane/Public Transport available….. Redland for me.