QLD Anyone able to tell me anything about TH in Bracken Ridge

Discussion in 'Where to Buy' started by markson, 8th May, 2016.

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  1. markson

    markson Well-Known Member

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    Hi Everyone

    Anyone able to tell me anything about townhouses in Bracken Ridge area? They seem to be mostly managed by On Site Manager so hard to get a non biased view on them from the PM or Agent

    Are they oversupplied at the moment?

    I am guessing the body corp fees would be high as most appear to be large complexes with a pool.


    Thanks
    Ben
     
  2. ZachAnsel

    ZachAnsel Well-Known Member

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    Hi Ben,

    The yield looks good isn't? But until you start drill down, you start to wonder why so many stock in domain/real estate or price hasn't go up..

    $300-350k with rent $365-390/week..
    But do you know how much is the strata?

    Council, water, etc is standard.. Nice chunk depreciation, but if capital gain is the end goal. Choose 3BR house instead..

    That's what we decided 3 years ago, and been performing well since then

    Are they oversupply? No in my point of view, but most of people who live in bracken ridge prefer nice 500-600sqm house + land.
     
    Last edited: 8th May, 2016
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  3. markson

    markson Well-Known Member

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    Yeah strata is pretty exxy at $779 pq

    Rates $313 pq

    Water $250 pq includes consumption

    So the costs are rather high.
     
  4. Whitecat

    Whitecat Well-Known Member

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    Is not really a townhouse suburb its not close to rail
     
  5. 733

    733 Well-Known Member

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    There are some excellent deals available for houses in Bracken Ridgebwith good land value.
     
  6. Angel

    Angel Well-Known Member

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    Do you mean the ones they are currently building at the train line overpass at Bald Hills? Every time I drive past I have to ask myself who would want to live there. This isn't Sydney. I was in a business at Nundah yesterday right next to the train line and every time a train went past I just about jumped out of my seat. Do you get used to it? I can hear the trains along the Bald Hills flats from my house when there is no traffic, but it is calming at this distance.
     
  7. Heinz57

    Heinz57 Well-Known Member

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    Yes you do get used to it
     
  8. Taku Ekanayake

    Taku Ekanayake Mortgage Broker @KinFinancial Business Member

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    Hi @DiligentPM,
    I was told some time back that try stick to south of Phillips & Barbour St when buying in Bracken Ridge - does this still ring true?
     
  9. 733

    733 Well-Known Member

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    The area is attracting more professional couples and going through a lot of change particularly since the Fitzgibbon Chase development with couples/families seek larger blocks of land ...some of our client have purchased quality homes on predominantly owner occupier streets to the north of Barbour street
     
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  10. BarneyRubble

    BarneyRubble Well-Known Member

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    Oh, I agree. Zero owner occupier appeal.

    Bounded one side by a busy road, and the other a train line. Add that it is walking distance to nothing and there is no green space. Really make me wonder wonder who will buy them, especially as they are not exactly bargain priced.
     
  11. Angel

    Angel Well-Known Member

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    Walking distance to Bunnings maybe, a couple of churches and a mosque. As stated elsewhere last week, immigrants from very crowded countries will be fine there.
     
  12. 733

    733 Well-Known Member

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    Good points raised Angel...I went past that development yesterday on my way to an Open Home and its poor quality and appeal
     
  13. John_S

    John_S Mortgage Broker Business Member

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    32 Enbrook Street Bracken Ridge

    If you aren't opposed to auctions, this corner block public trustee sale just came on the market.
    Looks in OK condition and I have read that the area south of Barbour Road/Philips Street is quite desirable.

    Looking on google street view the neighbouring houses look quite nice. Could be a worst house in best street scenario
     
  14. Angel

    Angel Well-Known Member

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    Yes, that is in the nice area.

    Make the kitchen bigger and ensure a couple of doorways are wheelchair friendly and you get a very desirable home.
     
  15. MWI

    MWI Well-Known Member

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    Would prefer to own a house in there not a TH!
    Own one since year 2004, newly built and had no hassles. Would I buy another one there, probably not, only because my strategy has changed, prefer fewer now but in better growth area.
     
  16. ZeeZeeTops

    ZeeZeeTops Member

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    This looks interesting... what type of renter would a place like this attract? The yard seems a little small? @John_S @Angel