Not sure there is a oversupply of townhouses within 5km of Brisbane, however I will agree there may be a oversupply or potential oversupply of apartments in Brisbane Particularly West End and Fortitude Valley – I donot touch either of these. Apartments are comparable to Melbourne which when you consideration populations – is a real concern for me.
For Townhouses, I look 5-10 km out of the city – try Chermside where we have a development of head out to Mitchelton or Nundah.
What is a good investment? well it depends, really need to consider your strategy, i.e purchase price, borrowing power and time horizon of the investment.
Cheers Ivan
This reply was modified 9 years, 6 months ago by Redwood.