Hey all,
Another thread on me asking for advice/information about an area, hehe.
Have been looking, as usual, in around Brisbane and have started to lower my price range, just on online pages, to see what one can see. I have seen a few places in Inala that are around the 200k price range.
My understanding of this area is that it is low socio-economic, is this still the case?
Has anyone invested in this area?
My, obvious, fear is that the potential tenants wouldn't be interested in keeping the house up to scratch? I suppose this is always a risk of investing in areas such as this?
Interested to hear your comments on this area!
Thanks all, hope you're having a great week (it's almost Friday!)
Patrick
No Inala investors?
haha!Hi Lordopg,
Having grown up in Brisbane I know the tag associated with Inala. I am not sure how low socio it is currently but I am led to believe it is as I have a family member who does all the commision house painting in that area. The problem with Inala is there is limitied infrastructure and lack of an urban hub which other similar suburbs seem to have.What is your price range?
Hi Lordopg
My understanding is that it’s similar to areas in Logan (such as Woodridge) when comparing it socioeconomic status. What do the numbers tell you? There’s nothing wrong with investing in these type of areas – as long as you’ve got risk mitigators in place. I’d start with a “good” property manager.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Hi Patrick,
I always go to http://www.domain.com.au, click on property report. Type in Inala, click search. The median price for the month will appear, then you can click on demographics.
I cut and paste the Inala demographics here so you have an idea what it looks like. It is important that you interpret the data carefully. It also compared Inala vs the Brisbane local government area as a whole.
It is also important to practice using these resources that's available on the Net.
I hope this helps.
Angel
Demographics for 4077
Main Tab:
Population 4077 Brisbane LGA All People 22338 1093301 Age Group of Population
Country of Birth
Dwelling Structure
Education Attendance
Housing Loan Repayment
Marital Status
Nature of Occupancy
Occupation
Religion
Transport To Work
Hi Patrick,
Have you considered investing in Calamvale – a much nicer surburb with a lot of first home buyers and people looking to rent in the area. It's up and coming.
Cheers,
SusieDolphins Fixed Fee Property Services
http://www.dolphinsproperty.com.au/Hey Susie,
Interesting! thanks for the info!
thanks – very helpful (as always!) I haven't seen those free reports but they are interesting. Will be good to actually apply the stats to what I can see when I go out there to have a look around!
Hi again lordopg
Not sure if it helps but there’s a few handy links for carrying out due diligence on our website – http://www.passgo.com.au/property-data-websites
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Cheers Jamie – I'll have to troll through those, thanks mate
haha!
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