Join Australia's most dynamic and respected property investment community

Apsley, Brisbane....yay or nay??

Discussion in 'Where to Buy' started by Peta Notari, 27th Aug, 2016.

Tags:
  1. Peta Notari

    Peta Notari Well-Known Member

    Joined:
    7th Sep, 2015
    Posts:
    68
    Location:
    nsw
    Hello all

    After some words from the wise.
    • What you think about apsley?
    • 13kms from brissy cbd
    • townhouse
    • new 3-3-2
    • Low BC at $1000/year
    • No developments in surburb in 15yrs
    We are looking for next IP. Strategy is capital growth, IPs in capital cities, blue chip properties. ~$500k to spend.

    Have recently secured free standing, single storey home in cleveland but like this one as its closer to cbd, new and not a unit.

    Thanks in advance
    Peta
     
  2. MsAli

    MsAli Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,147
    Location:
    Sydney, Australia
  3. ZephG

    ZephG Member

    Joined:
    24th Aug, 2016
    Posts:
    24
    Location:
    Gold Coast/Brisbane
    Aspley I assume? Very strong growth in these suburbs not too far from the CBD. Places in nearby Chermside are being sold within the first week of being listed. Great buying considering it's relatively easy access to the city, three years from now you'll be glad you bought.
     
    jchan86 and Whitecat like this.
  4. Peta Notari

    Peta Notari Well-Known Member

    Joined:
    7th Sep, 2015
    Posts:
    68
    Location:
    nsw
    Yes but its due for completion next month
     
  5. Peta Notari

    Peta Notari Well-Known Member

    Joined:
    7th Sep, 2015
    Posts:
    68
    Location:
    nsw
    Thanks zephG. Havent bought yet....deciding if i will.
     
  6. MsAli

    MsAli Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,147
    Location:
    Sydney, Australia
    I'd read up the forum on the Brisbane unit over supply
     
    MTR and ZephG like this.
  7. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,518
    Location:
    Perth, Melbourne, USA
    With regards to OTP - what is the product ie apartments, townhouses, units? how many in the block? size etc...not everything is equal

    Currently there is an oversupply of apartments in most Capital cities around Australia.

    MTR
     
  8. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,113
    Location:
    Brisbane
    Aspley's not too bad, not that far out.
    Townhouse is not necessarily bad, but would be checking the current demand.
    BC is pretty low I guess.
    Would prefer a house, sure it's not that far off the same price.
     
  9. Whitecat

    Whitecat Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    1,111
    Location:
    Brisbane
    Aspley is good. Westfield Chermside reno is going to make it the biggest and newest mall in seq. I would look for a house there though. I reckon you could get something for 500k
     
    ZephG likes this.
  10. Peta Notari

    Peta Notari Well-Known Member

    Joined:
    7th Sep, 2015
    Posts:
    68
    Location:
    nsw
    21 in complex. Two storey townhouses. Not units
     
  11. nth brisbanite

    nth brisbanite Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    93
    Location:
    North Brisbane
    I know the Aspley area well. Houses are selling quickly at good prices but not sure about townhouses as there aren't many in the suburb. It would have been good to have less than 21 in complex but still shouldn't be too bad. Can you give me address of complex?
     
  12. grk349

    grk349 Member

    Joined:
    20th Aug, 2016
    Posts:
    11
    Location:
    Gold coast
    I bought a TH up in Brisbane. The word i was hearing was that the oversupply of units would have a postive effect on TH prices. I think the logic is that people who are fearing unit CG and vacancy problems are now looking at THs as the next affordable step up with none of the oversupply problems facing units.
     
  13. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,113
    Location:
    Brisbane
    We're going to be living there for a little while.
    Chermside will be my local.
     
  14. Whitecat

    Whitecat Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    1,111
    Location:
    Brisbane
    It's changed a bit from when I first moved there. It's gentrified imo
     
  15. Inov8ive

    Inov8ive Well-Known Member

    Joined:
    17th Jul, 2015
    Posts:
    484
    Location:
    Sydney
    Never mind SEQ- Will be the biggest and newest in the whole of QL. Already is the biggest with all the major department stores. I hope the fast fashion brands arrive with the new development, H&M, TopShop, Zara etc. These are all that is missing really.
     
    Whitecat likes this.
  16. BB5

    BB5 Well-Known Member

    Joined:
    2nd Jan, 2016
    Posts:
    153
    Location:
    Brisbane
    Last 2 times i've been to Chermside I haven't been able to find a park, got angry and gone to Toombul :(
     
    Phase2 and KayTea like this.
  17. Inov8ive

    Inov8ive Well-Known Member

    Joined:
    17th Jul, 2015
    Posts:
    484
    Location:
    Sydney
    Yeah a lot of people saying that. Will be sorted once the upgrades are done but at the moment is very hard to find a park
     
  18. Peta Notari

    Peta Notari Well-Known Member

    Joined:
    7th Sep, 2015
    Posts:
    68
    Location:
    nsw
    I
    Its 8-10 wynford street.

    I did notice that the back of the block is flood prone according to flood maps but not sure if thats based on floods from 2011 that were especially bad due to the dam release. Do i worry about this as a future risk?

    Also noticed that it backs on to gympie road which is 6 lanes....assuming this is a very busy, noisy road??? Not a local
     
  19. BarneyRubble

    BarneyRubble Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    83
    Location:
    Brisbane
    Gympie Road is the main road on Brisbane north side. Also that location is a bit in "no mans land". It's outside main Aspley hub, and not close to Chermside either. Everywhere is going to be a car trip. As for public transport, it may be on the bus, but not anywhere near the train.

    I would be looking elsewhere.

    As an afterthought, I don't recall that location being flood prone.
     
  20. BB5

    BB5 Well-Known Member

    Joined:
    2nd Jan, 2016
    Posts:
    153
    Location:
    Brisbane
    It better be sorted, once was even midweek!