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QLD advice and your views on this property

Discussion in 'Where to Buy' started by propertyhut, 24th Jul, 2015.

  1. propertyhut

    propertyhut Member

    Joined:
    23rd Jul, 2015
    Posts:
    14
    Location:
    Sydney
    hi all,

    what are your views on this property:

    http://www.realestate.com.au/property-house-qld-rochedale+south-119001855

    know its been on market for sometime, that new price is 429k.

    there is flood overlay in the park across the street, which is clear via logan flood map... is that too close to your expert opinion comfort zone?

    also any other...points that I am missing. before i decide on things.

    thanks,
     
  2. hpresident

    hpresident Well-Known Member

    Joined:
    30th Jun, 2015
    Posts:
    75
    Location:
    Brisbane
    Investment or PPOR? If investment the question is what's so good about it?
    The yield seems pretty average. Not much development potential. Unless you are seeing something I am not seeing?
     
  3. propertyhut

    propertyhut Member

    Joined:
    23rd Jul, 2015
    Posts:
    14
    Location:
    Sydney
    investment...
    been looking at the suburb some time. no development plans... buy and hold to be honest..
     
  4. hpresident

    hpresident Well-Known Member

    Joined:
    30th Jun, 2015
    Posts:
    75
    Location:
    Brisbane
    have you check out the new springwood masterplan ? or the new busway they are constructing near school road?
    if buy and hold I would pay a little more to get something a bit better location (if negative gearing is not your concern) if you are after cashflow, then either townhouse in the area or maybe logan central, kingston ect .