QLD Bad pockets in Mitchelton?

Hello,

I am looking for an investment property in Mitchelton and I have noticed substantial discrepancies in house prices there for comparable land size and house quality...I have scoured this forum and SS for information but I can't seem to come up with an explanation.

Are there pockets that I should avoid in Mitchelton?

Thank you in advance for your input!

 

Imo no 'bad' pockets.

The price descepancy you are seeing I believe is for houses in the Oxford park and Grovely area.

Both come under the suburb mitchelton.
The area I am talking about is Oxford park train station to Dawson pde.

 

Haven't been there in a long time - From memory flooding was the delineator.

 

Yep you are right, I just had a look at the location of some of these cheaper properties, and they do fall in that area closer to Keperra.

Is there a particular reason for this?

That's what I thought too Scott, but they're out of the flood zone.

 

I agree pretty much.
But avoid Samford Rd obviously, unless it's a really good buy or for development etc.

Right near the train line is probably best avoided, but except for Railway Pde, that section is Keperra (although I think the border for Mitchelton should be Dawson Pde).

 

Edit: I think you've looked at the flood maps already?

 

No bad areas. North of the main road is generally more expensive than the south. The south is newer but further away from train station. Mcconaghy street is packed full of parked cars from train station and day care centre so take that into consideration.

I personally love mitchelton, great place to raise a family.

 

I love Mitchelton, apart from the fact that it has a Sizzler (havn't been there since I was a kid), its an awesome place to invest, still not overly developed, a couple of developments going up on Osborne. What are you looking for a house or unit/ apt?

Lots of spending from Defense Housing which you will notice, so you will see a heap of apartments going up to cater for the army barracks.

Both houses and units have strong capital growth and yield is positive given the demand from the barracks. Proximity to the city means that it is convenient and of course there is a train station there too.

All of the above points to a perfect place to invest. For owner occupiers I don't see any issue from a lifestyle perspective.

All of the above points to positive outlook for the near future.

Cheers Ivan

 

Me three.

And they do takeaway, if you've never tried it, it's awesome!

 

Thank you everyone for your replies.

Azazel - I have been checking the flood maps

Redwood - I am looking for a house and Sizzler is definitely a huge selling point for me too