QLD Brisbane capital growth

Discussion in 'Where to Buy' started by Cream&Co., 7th Apr, 2016.

Join Australia's most dynamic and respected property investment community
Tags:
Page 1 of 7
  1. Cream&Co.

    Cream&Co. Member

    Joined:
    4th Jul, 2015
    Posts:
    10
    Location:
    sydney
    Hi everyone

    I'd like to put it to the forum for opinions.

    For capital growth in the next 5 years, where would you buy now and why? Budget 380k - 480k.

    1. Strathpine
    2. Kallangur
    3. Mango Hill
    4. North lakes
    5. Rothwell
    6. Rochdale south

    Cheers
     
    Cream&Co., 7th Apr, 2016
    #1
  2. strongy1986

    strongy1986 Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    1,239
    Location:
    VIC
    Birkdale Thorneside
     
    strongy1986, 7th Apr, 2016
    #2
    733, Eric Wu, dabbler and 3 others like this.
  3. Serah

    Serah Well-Known Member

    Joined:
    12th Dec, 2015
    Posts:
    51
    Location:
    Sydney
    Runcorn. Go Runcorn!!!
     
    Serah, 7th Apr, 2016
    #3
  4. jeenyus

    jeenyus New Member

    Joined:
    31st Jan, 2016
    Posts:
    2
    Location:
    Brisbane
    Birkdale, Tingalpa, Wakerley
    Runcorn South
     
    jeenyus, 7th Apr, 2016
    #4
  5. hash_investor

    hash_investor Well-Known Member

    Joined:
    11th Oct, 2015
    Posts:
    2,440
    Location:
    Sydney / Canberra
    Whats Runcorn south? Do you mean south of Runcorn?
     
    hash_investor, 7th Apr, 2016
    #5
  6. Whitecat

    Whitecat Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    4,516
    Location:
    Sydney
    Strathpine. Westfield. Rail. Northside. But for 480k I would come in a bit. Zillmere for example.
     
    Whitecat, 7th Apr, 2016
    #6
  7. Cream&Co.

    Cream&Co. Member

    Joined:
    4th Jul, 2015
    Posts:
    10
    Location:
    sydney
    Snatched one up in zillmere a few months back. Very happy with that buy, now looking Somewhere else in Brisbane. Strathpines numbers seem to stack up well, but am also interested in kallangur (Uni coming soon) or somewhere in Moreton bay as I've been reading about the infrastructure upgrades coming.
     
    Cream&Co., 7th Apr, 2016
    #7
    rookie101 likes this.
  8. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Terry Ryder was talking up Moreton Bay in his latest QLD update.
     
    Azazel, 7th Apr, 2016
    #8
  9. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,015
    Location:
    Brisbane
    For that money you could still snag something at amount Gravatt East... just have to get in before Bran snaps them all up :p:D.
     
    wylie, 8th Apr, 2016
    #9
    HUGH72, KayTea and Sackie like this.
  10. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,626
    Location:
    At work
    I was going to post, but don't need the competition.

    Less than 10km to CBD, easy access to shopping, freeway, city, motorway, a burgeoning cool and cafe/restaurant scene, farmers markets...

    Why go anywhere else?

    Not much less than 480k that's not on a main Rd, but they do pop up.
     
    Bran, 8th Apr, 2016
    #10
    cheekykoon likes this.
  11. Seal

    Seal Well-Known Member

    Joined:
    10th Jul, 2015
    Posts:
    262
    Location:
    NSW
    Mount gravatt area (upper and east). Uni and Hosptial close. Woolies has gone in MGE. Westfield has had $45 mill upgrade. Townhouse an option in your upper range. Brisbane council has tagged it as a major hub.

    No Cookies | Daily Telegraph

    (Not exactly gentrification @Steven Ryan ;) but hallowed grounds Expresso cafe has that feel)
     
    Seal, 8th Apr, 2016
    #11
    733, Bran and cheekykoon like this.
  12. Whitecat

    Whitecat Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    4,516
    Location:
    Sydney
    I would strongly recommend Geebung.
    Median is 480k
    Very close to the largest and soon to be nicely revamped largest shopping centre in qld.
    One of two of Brisbane's nominated satellite cbds. A genuine hub.
    Don't have to go busy road for your money.
    Or even might find something in Chermside if you are lucky.
    .
     
    Whitecat, 8th Apr, 2016
    #12
    Foxy Moron, 733 and Sackie like this.
  13. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,058
    Location:
    Vaucluse, Sydney.
    Strapine to the CBD is 24.2km
    Rothwell to the CBD is 36km

    Now look at MGE to the CBD approx. 12km

    Here is a sale: Sold Price for 663 Creek Road Mount Gravatt East Qld 4122

    Choose the location carefully otherwise you will be one of the many peple who buy a place and fast forward 5 years have very limited growth. And this inturn stunts portfolio growth. If your looking at those areas for a specific reason eg financial restriction, cash flow senticitve etc then that's one thing, but if you're able to purchase closer for the same money then I would be choosing carefully.
     
    Last edited: 8th Apr, 2016
    Sackie, 8th Apr, 2016
    #13
    HUGH72, Tyler Durden and Seal like this.
  14. Seal

    Seal Well-Known Member

    Joined:
    10th Jul, 2015
    Posts:
    262
    Location:
    NSW
    Seal, 8th Apr, 2016
    #14
  15. Pash81

    Pash81 Well-Known Member

    Joined:
    22nd Feb, 2016
    Posts:
    305
    Location:
    Brisbane
    do you mind sharing the address of zillmere property?
     
    Pash81, 8th Apr, 2016
    #15
  16. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,626
    Location:
    At work
    I probably wouldn't buy on Creek Rd, but as we know, it will rise with the rest of the suburb, albeit remain at the lower end.

    There are still houses in good streets for sub 500, although land price is approaching 450k even for a 405m2 block.

    I'd probably buy any of these for those prices.

    Mount Gravatt East, QLD 4122 Auction Results & Sold Prices for Houses in Mount Gravatt East, QLD 4122 (pg 1)

    Can you get a sub 500k house in Holland Park? Unlikely. Guess what happens next ;)

    Edit: Actually you can, just one - you can get this 2 bedder. Not for the feint of heart. Sold Price for 74 Harold Street Holland Park Qld 4121
     
    Bran, 8th Apr, 2016
    #16
    Sackie likes this.
  17. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,015
    Location:
    Brisbane
    Our son badly wanted to buy that Harold Street house. It was pretty bad inside but would have polished up enough to get better rent than the ow er was getting ($280). If you think that is cheap rent for Holland Park it gives you an idea of the way it was inside :eek:.

    But to spend anything on bring up the rental to hold it was wasted money because it should be bulldozed. He couldn't afford to hold it with such low rent and could't afford to build.

    Also with a footy field on the opposite corner I wouldn't choose that particular block (night training, night lights, car parking and noise issues).
     
    wylie, 8th Apr, 2016
    #17
  18. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    If the tenants don't mind, who's to argue? Maybe they like their touch footer.
     
    Azazel, 8th Apr, 2016
    #18
  19. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,015
    Location:
    Brisbane
    It was more that I would't want to live there or spend big money building there due to this footy field being too close. As a rental it would not bother me.
     
    wylie, 8th Apr, 2016
    #19
  20. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Ah Ok. Was it for your son to live in or rent out?
     
    Azazel, 8th Apr, 2016
    #20
Page 1 of 7
Financial Advice – Do you need help

Do you need help with investment strategies, don’t want to buy the wrong stocks, or you just need a regular income stream? We provide the research to ensure your investment selections achieve the goals. This is the value of advice.