Anyone with IPs in Caboolture

Hi All,

Just wondering how many people have IPs (or looked at) in Caboolture, QLD?

Have they been good investments for those that do have them?

Thanks!

 

I was looking at this unit:

12/3-5 Short Street Caboolture Qld 4510 - Unit for Sale #122696878 - realestate.com.au

It looked nice and fairly new with a good yield, or so I thought!

Body corp fees $2500 per annum! Is this typical in QLD? That's like Sydney CBD rates!

 

I was interested, have not had time to get on the ground there, have a look in the where to buy, look at the long term growth, looked pretty good to me, but as said, not really in the know.

 

One word. river.

 

Probably a hefty insurance premium built into the annual Body corporate fees due to its location next to the Caboolture river.

 

So it floods everywhere there is a river in Brisbane?

 

If you Google flood events for any river practically anywhere in the country you most likely will find that, at some time that river has lead to nearby flooding.

 

Not necessarily. No home sites flood where I live adjacent to the South Pine River. But how would you know for certain that it does not flood unless you check it out thoroughly.

 

@InvestmentNoob

Some info on the area..

http://www.elitewealthcreators.com/...file-Caboolture-Morayfield-QLD-4510-45061.pdf

 

Yes..

 

Know somebody who bought house and land package @385k and bank valuation has come back at 350k. Last week only