i have recently travelled through caboolture with is about 45 mins to the north of brisbane. i had a drive around the town and there r new developments going up ,new houseing estates, new shopping centre, plenty of schools and amentities and a train line straight through to brisbane.!! i am seriously thinking about buying an ip there!!! does anyone have any suggestions or opinions on this town!! or either any horror stories on this town!! personly i think it would be good to invest there!!! any replies would be aprreciated!!!
ta
Hi Tamtam,
I own a IP at Northlakes (Mango Hill) and use to own another IP at Deception Bay. These suburbs are not far from Caboulture. I bought land and built in Mango Hill a couple of years ago because it was a new estate and Westfields was opening up a huge shopping centre there. My IP has done very well
The Caboulture has experienced the ‘ripple effect’ as rising prices in Brisbane and the Sunshine coast push people out to the suburbs to find more affordable housing. This area has already experienced significant price growth a couple of years ago but API magazine shows median growth over the 12 months to 30/11/05 at only 1.10%. So it has slowed down but I think long term that its capital growth prosects are good.
I guess it all comes down to what you are trying to acheive and where you are in your investment strategy.
I am not sure If Residex has rated Caboulture as a growth area or not. I must buy the next release of predicted growth areas when it comes out.
Regards
Crusher
http://www.freepropertyhelp.com.au
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