Would appreciate anyones opinion on which area/s of Brisbane ( and outskirts) have the best potential for price growth in the next 5-8 years .
Ive been looking at a few areas and have narrowed my selection to 5 areas;
1) Redcliffe and newarby areas like Margate /Woody point etc
2) Sunnybank/Runcorn/Beenleigh area/logan area
3) Bald Hills and nearby
4) Zillmere and nearby surrounding areas
5) KallangurThe above areas are some that i think have long term potential.
My budget is approx $280-$350k although prefer the lower end.
The most important aspect is maximum potential price growth.
If you consider other locations have more potential for growth please advise and reasons why would be great.
Would appreciate locals take of the recent action rin these areas and action in the last 6 -12 months in comparison.
thanks
Michael
I'd also throw in Mitchelton/Gaythorn – rail access/schools/sub-regional shopping centre (can't remember prices around the area but they weren't too bad a few years back).
you wont get much for $280k maybe a pokey unit – try banyo / nudgee also as well as brighton / sandgate
Hardly anything available in any of the areas you mentioned for under $300,000. The Redcliffe area ie Margate, Woody Point would probably have the best potential. Still lots of older homes but would need a fair bit of work at your price range. There are still reasonable quality houses in Kallangur for under $350,000 – growth potential is reasonable especially if North Lakes commercial centre kicks off.
thanks for your help
Yes I would think that for your price range, Logan would be the best bet. Easy access to Bris and Gold Coast, freeways, train links and facilities galore.
Redcliffe all the way
crashy wrote:Redcliffe all the wayHi Paul,
Do you mind if you could share more on your liking to Redcliffe..
I assume you have some property there right?Why do you think price growth has stalled ( in most cases) for the past 2 years and do you expect any price growth to come anytime soon?
(Your share website looks good…)
ta
Michaelhi Michael
have a search for ‘redcliffe” on this forum, Ive written heaps about it.
disagree with stalled the last 2 years, I sold one in March 08 (peak was Jan/Feb 08) and another in Aug 08.
I no longer own any property.
I dont expect price growth to come ANYWHERE anytime soon, but IF it does come somewhere, Redcliffe is where it will be.
why?
1. small prices for so close to water
2. new bridge cutting time to city
3. older people dying off, young families moving in
4. renovating going on
5. the lagoon
6. new jetty
7. possible hotel island to be built
8. if rail line ever comes, kaboom!
9. ferrals cant afford to buy or rent there anymore so they are moving out to D Bay, Redcliffe crime dropping & neighborhoods getting nicer, makes prices increasecrashy wrote:hi Michael have a search for 'redcliffe" on this forum, Ive written heaps about it. disagree with stalled the last 2 years, I sold one in March 08 (peak was Jan/Feb 08) and another in Aug 08. I no longer own any property. I dont expect price growth to come ANYWHERE anytime soon, but IF it does come somewhere, Redcliffe is where it will be.Would agree with you about Redcliffe.
Off the topic a bit but am intrigued WHY you no longer own property?
Hi Paul,
Re pricing:
fair enough , although my opinion was based on pricing I experienced about 1.5 years ago when i was checking out the area and they hadnt seemed to have moved much in general since then.
Re: location and growth potential in general
I agree that it has much potential and the work on the bridge should help but from what i have read it does not appear that a rail link will happen anytime soon. But as a long term investor that dosen't concern me so much as i like the area in general .
Big question is -will prices move anytime soon ? As you have mentioned and i suspect, probably not anytime soon , especially after the frenzy of the first home buyers settles down later this year but who knows..
Personally i have been investing in shares since early this year which has worked out very well for me, although i am still hunting for well located property at the right price .
Cheers
Michael
hleung wrote:Off the topic a bit but am intrigued WHY you no longer own property?because blind freddy could see the slump coming, and as a renovator you need a quick selling, fast rising market where buyers are prepared to pay a premium for renovated house. none of those 3 conditions exist, so its too risky to continue.
Marketmad wrote:Would appreciate anyones opinion on which area/s of Brisbane ( and outskirts) have the best potential for price growth in the next 5-8 years .
Ive been looking at a few areas and have narrowed my selection to 5 areas;
1) Redcliffe and newarby areas like Margate /Woody point etc
2) Sunnybank/Runcorn/Beenleigh area/logan area
3) Bald Hills and nearby
4) Zillmere and nearby surrounding areas
5) KallangurThe above areas are some that i think have long term potential.
My budget is approx $280-$350k although prefer the lower end.
The most important aspect is maximum potential price growth.
If you consider other locations have more potential for growth please advise and reasons why would be great.
Would appreciate locals take of the recent action rin these areas and action in the last 6 -12 months in comparison.
thanks
Michael
Hi Mate,
This month 'Your investment Property' has some good sections on QLD forecasted growth surburds. You might want to grab a copy. Redcliffe and Woody Points are some of the forecasted surburbs.
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